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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: Re: 4th quarter and 1st quarter estimates Oilsands only - Jurek
PDP

Feb 22, 2010 12:59PM

Feb 22, 2010 01:14PM

Krissy

No attack here, look at the cash flow generated by 15000 bbl/d. The cash from those barrels are enough to pay the interest as it comes due, and some principal, but not alll principal by 2015.

The intention is not to pay the principal.

If you believe that 15000 barrels will not pay the interest then you really should not be invested in this venture.

You have made your point that you think they should set up a schedule to pay it off.

Now rather then attacking me why don't you post a cash flow that shows the cash flow from the barrels that you believe the company will be achieving now and when algar is on-line. I would love to see your analysis!!

Spidey


Feb 23, 2010 02:03PM
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