Break Even

Welcome to the Connacher Oil and Gas Hub on AGORACOM

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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spiderman8

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Break Even

posted on Oct 18, 2010 06:14PM

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.