BBQ

I recall seeing CAPEX was mainly for Algar.

My take on the presentation: The 9000 bbl/d was touched around April 12, have a look at the June 26, slide show and you will see this, so yes 9000bbl/d has been reached as the wording indicates, but that was a while ago. Also Slide 7 says they have $438 M of cash and unused credit of which $200M is credit line. The $66 M set aside for interest is not included. So to me that means they have $238M cash, not including the $66M, they did have $328 M of cash when they secured financing for Algar, that has now gone down. It also seems that no cash has been added even with the higher revenues. So hopefully that money is being spent on Algar equipment! Anyone else see this?

Slide 5 also mentions that CLL now owns 24% PDP, not 26%. When was that change?