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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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Message: CLL 2009 Q3 Estimate
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CLL 2009 Q3 Estimate

posted on Sep 30, 2009 11:43AM

Attached is a Q3 estimate with Q2 shown for comparison. At the bottom is an estimate of cash-on-hand at the end of Q3. The main difference from Q2 is the production level & price of oil. I estimate operating cash flow to double that of Q2 and that they end the quarter with cash-on-hand in the range of 250 - 300 MM.

http://i290.photobucket.com/albums/ll277/Cornergas_bucket/CLL_2009_Q3_Est.jpg

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