At year end we will see roughly an additional $70,000 cash per day come in as a result of the hedge roll-over on 2500 bbl/d from $49 to $78. Conceivably we could also see 8500 bbl/d which is about 1000 bbl/d more then today on a consistent basis. Which would equate to about another $70,000 a day (based on bitumen not WTI). This would give 4.2 million per month. This would cover 1/2 of all the interest expense on all of CLL debt. This would be a great feat and not difficult to achieve.

If you take a look at the exchange rate of .88 when the last $200 million was borrowed and the rate today then you will see a gain of roughly 16 million, which is close to the interest expense on that portion for a full year.

Assuming 3 things, exchange rate at .95 or better, WTI in the high 70's and production in the 8500 Plus range.... CLL will start to see better days