"To generate $80 million (CLL interest payments) POD1 has to make $22/bbl free cash flow profit assuming average 10,000bbl/d production and 30% drop is cost in compression to Q3/2008."

Sorry Jurek for relying on your expertise, and not research or knowledge ...

Aren't the $80M beginning in 2015? Again very sorry, commenting on my way out the door to potluck dinner with the wife. I have to believe the banks would rather renegotiate than end up with some leases they don't want to manage. It's very sad to have to start worrying about renegotiated terms, or assistance from Alberta, but as others have commented ... who could have forseen the current state of economic affairs? It's not like Connacher isn't eventually going to be very profitable.