Booster:

Love that fuzzy math..

SLIDE 9

$260 million is a combination of previous cash on hand, restricted cash and the recent share offering--since only 10 million is restricted that means 250 million cash is available.

Your number stated that $200 million was required to complete Algar,which if accurate, ( which I would argue is debatable since this crappy economy has lowered costs, let's see cheaper labor, building material etc), would still leave 60 million in cash on hand of which 10 million is restricted.

Slide 9 does not include any proceeds from todays 150 million offering.

For arguments sake, lets say CLL only gets 140 cash from the offering that would still leave 200 million of available cash.

As of 09.44 June 10th 2009 oil is trading at $71.06 and natural gas is $3.76

CLL has stated it needs about $40- $45 a barrel ( depending on time of release)

So after all is said and done Cll has $200 million cash with oil trading around $70, what makes you think that the revenues won't be high enough to support costs without having to touch this cash?

If revenues are sufficient to cover operating costs, then they've got alot of available cash for a variety of possibilities, further expansion, debt repayment and possibly share bu back, who knows.