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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: Quck and dirty ROI at $60 WTI

Quck and dirty ROI at $60 WTI

posted on Sep 22, 2008 11:31AM

Sand: 20,000/bbl/d = .155 cents per 1/4

Conventional 981/bbld = .014 per barrel

NG = zero as it will be used by sand:

Refinery: .041 per barrel

Total cash flow = .82 per year

Expenses:(in 000's)

Interest:66250 pr year

G&A: 13150

Stock Compensation: 6000

Depletion($9/bbl): 68985

Total Rev:173000

Total Expenses:154400

Profit: 18600

Shareholders Equity: 380000

ROI on $60 WTI about 5%.

Looks like I buy my own Brandy

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