From this information, is it possible for someone to estimate CLL's cash burn rate?/Bobert
Since nobody wants to take his head from the sand let me take the heat.
As far as I can see on the operational front:
CLL is not burning cash at this Oil and NG prices.
Here are some details to back up above statement.
Conventional Oil production at $40/bbl oil ($14 netback) makes $0.4 million per month.
LUKE NG production at this prices makes $1.2 million per month
POD1 is loosing $1 to $1.5 million per month.
MRC is the biggest unknown. The crack spread improved significantly since disaster in Q3 and Q4. I estimate that MRC margins are 5 to $10 in January. This will contribute $1.5 to $3 million to CLL cash flow.
General and Administration cost (G&A) is 1million per month.
Summarizing: Conventional Oil and Luke production is covering the loses in bitumen production and refining cash flow is offsetting the G&A cost and some emergency expenses.