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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: "Oil at $60 a barrel does it for us,"

Sep 19, 2008 05:53AM

Sep 19, 2008 06:25AM

Sep 19, 2008 06:32AM
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Sep 19, 2008 08:29AM

Sep 21, 2008 04:39AM

"Oil at $60 a barrel does it for us,"

posted on Sep 21, 2008 03:28PM

Thanks 2C for the reply. I think now we are on the same page with the OP cost.

About Mr Gusella Email: "I have seen this but most people do not understand relationship between wti and bitumen netbacks which are complicated by transportation, cost of diluent, differentials, g and a, total capital and return, usd versus C$,RoR expected, price of natural gas and on it goes"

Surely he is not talking about shareholders who are frequently reading or post on this board.

Relations between WTI, Dil-Bit, Bitumen, OP cost (fixed and variable), netbacks, Exchange rate, ROC, Royalties(jumping next year from 1% to 8-9%) and so on... are frequently discussed here on this board.

Daily and average weighted Dit-Bit prices and Alberta cash NG prices are widely available.

Our board Estimates numbers were second to none except overly optimistic Q2/2008 numbers.

Day traders Stockhouse board maybe a different story but I can not speak for them.

I challenge anyone who can show the realistic calculation that CLL bitumen production can make 15% profit at WTI $60/bbl. Good bottle of brandy is for grab.($1 USD=$0.95CND)

Good luck ,Jurek




Sep 22, 2008 07:27AM
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