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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: My Positive View

My Positive View

posted on Mar 29, 2010 09:59AM

Hi everybody !

I’m a member of this board since 2007.And an In and Out shareholder since 2005.

I’m a shareholder of this company because I believe that the SP will go higher… and I wish to make money at the end of the run. I don’t think I will spend the rest of my life with this stock in my portfolio.

Question for all of you

With Crude at $75 and a production of about 16000 barrels/day… where should be the SP

I’m curious to see the different view about it.

That’s my forecast (didn’t add conventional et refin.) if I’m wrong just tell me

Assumptions (only for bitumen)

WTI : 75 $

Barrel/day : 16000 (GD+POD1)

Daily Revenue $1,200,000 based on WTI

Cost :

Diluent : $24

Transportation: $5 (Bitumen price 51 $)

Royalities : 4 $

Operating cost : 15 $

Netback : 32 $/barrel

Daily Cost $512 000

Debt interest: 92 000 000 $/360

Admin: 20 000 000 $/360

Other cost/day : $312 000

Daily $$ : $376 000

Annual : $135 000 000

Per share : 0.31

CLL value based on Earning : $2.75 to $3.50

Thanks for all you’re the good post especially Sharky and Krissy

Mike

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