Thanks Spide. This was quick and efficient. I wish Alberta Energy Board work the same way.
Most definitely you deserve the Brandy. Next time I am in Calgary we should meet in Merlose Bar and get drunk.
I thing I understand your numbers. Not necessary agree with it but I will give you the brake since this was done like you said 'quick and dirty".
As of the ROI methodology I think you skipped the the long term debt and liabilities. Also 20,000bbl/d...we are talking the 2010 or beginning of 2011. Also CLL NG production can not cover the 20,000bbl/d bitumen production.
Well this is all academic exercise. The important thing is the profitability. Seriously, with the growing cost (Q2 vs Q2) and financial chargers reported so far they can not possibly make the profit at WTI $60+.
Good work. Jurek
ROI= income after taxes divided by total long term debt and liabilities and shareholders equity (X100 if expressed in %)