in millions of dollars
Cash position @ December 12, 2008 289
Cash burn:
Q4 2008 and 2009 interest payments on Senior Notes -114
Q4 2008 and 2009 interest payments on Convertibles -7
Q4 2008 additional well pair at Pod One -5
2009 capex Conventional -15
Exploration -13
Pod One -11
MRC (assumes Sept 2009 turnaround deferred) -6
Additional costs of deferring Algar -22
Transfer lines between Pod One and Algar -14
Additional Algar commitments -73
Total cash burn from December 12, 2008 to the end of 2009 -280
End of 2009 cash position 9
Credit Facility capacity 200
End of 2009 cash and credit position 209
Algar Project:
Spent as at December 12, 2009 77
Additional Algar commitments 73
Costs incurred on Algar as at December 31, 2009 150
Total Algar Project 345
Algar costs remaining as at December 31, 2009 195
Available credit room to complete Algar 14
