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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: Break Even
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What they need.

14,000 bbl/d of bitumen at $29 netback

Conventional oil of 1000 bbl/d at $32 netback

NG at 10,000 MCF/d at $2.00 netback

refinery, 10,000 bl/d at 8 per barrel margin.

Assuming no foreign exchange gains or losses or any hedging gain/losses.

They will pay all expenses and have cash from non-cash expense of depletion, depreciation.

The non cash expense is about 20 million per quarter

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jurek
Oct 19, 2010 12:34AM
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spiderman8
Oct 19, 2010 10:13AM
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Wetcoaster
Oct 19, 2010 12:44PM
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jurek
Oct 19, 2010 03:09PM
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jurek
Oct 19, 2010 03:12PM
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spiderman8
Oct 19, 2010 04:53PM
Re: Break Even/money for expansion

spiderman8
Oct 19, 2010 05:49PM
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