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Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta

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Message: Re: ONE MILLIONTH BARREL

Jul 22, 2008 06:01AM

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Jul 22, 2008 01:13PM

ONE MILLIONTH BARREL. Hmmm....At $60/ Bbl + -thats Significant Cash!SB



It is major cash but not at $60/bbl. If you talk about net cash flow you have to take to consideration Weighted average Bitumen netbacks in the period when 1mln bbl of bitumen was sold since the POD1 was declare "commercial" in March 2008.

The average will be about $35 to $36 per bbl.

Refer to my previous post for the Q3 netbacks numbers.




Jul 22, 2008 03:50PM

Jul 22, 2008 05:24PM
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