Re: the burn rate

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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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jurek

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Re: the burn rate

in response to

Re: the burn rate

bbqdays

posted on May 04, 2009 12:42PM

Kontmeter,

So 224 - 80 -123 = 21 million left. That is why DG is looking for an addition 200 million for building Algar.

You are right, providing that in 2009 CLL will have positive cash flow from their operations. Remember their WTI hedges are loosing money and now LUKE cash flow is in trouble.

bbq,

Before CLL will find money to finance the POD1 expansion they have to fix the "bottlenecks" after the ramp-up post reinstatement.

From CLL April presentations (page13) looks like steam has peaked and they are stuck with 7000 to 7500/bbl per day production at POD1. They hope that $18 millions ESP pumps will help.