Re: 4th quarter and 1st quarter estimates Oilsands only - Jurek- Royalties
posted on
Feb 23, 2010 04:39PM
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
Jurek
Like I said I wasn't or am not 100% sure on the royalty issue. I will double check, my understanding of it, is that it does not increase until the capital money is earned back, on net profit of the segregated operation, not on gross revenue.