Sharky, DG made a few more points that got my attention:
** "With $45 WTI, we will easily have cash to pay our interest and still have cash remaining at year end."
** DG sounded upset that he has read that CLL was "cash strapped"...he vehemently rebutted those stories.
**"we are progressing nicely and are on track to perform as stated"
**"we are still in need of 200M to complete Algar; the question is *when* not *if* we get the money." (he didn't sound as though he expected any problems acquiring the cash) he added that about $150M has already been spent for Algar.
**"We were able to bring costs down to $15 to $17 bbl during the Q.; We are amongst the lowest if not the lowest cost producers in the oil sands".
**"SOR improvement during the Q". Also, cost takeouts across the boards will help to mitigate expense throughout the rest of the year. gltu! 9baller