It is nice to see board`s professionals (Booster and Cornergas) taking their time to get involve in the Royalty discussion.

Just my 5 cents from the amateur point of you.

Net revenue, in case of the Oilsand producers, is often defined as the Gross revenue minus the diluent`s cost (including the blending expenses) and minus the transporting cost.

I think some of you are going to far and describing the Net Revenue as an Operating Cash Flow which includes operating expenses.

Anyway, the point is that the only thing we differ is WHEN will the 30% royalties (at WTI $80/bbl) be subtracted from the POD1 cash flow.

Nobody on this board said (like DG suggested in his email) that Post-Payout rate goes to effect "almost immediately". On the other hand, company slide show future projection are based on the small Pre-Payout Rates.

Have a good weekend including Canadian Olympic Gold Medal in the Men`s Hockey.