Some numbers to know. I found the hedges as well.
The lower chart is what keeps me interested, saw it on the other board, however pulled both of the off the aug 2011 presentation.
HEDGING STABILIZES CASH FLOW
Crude Oil Hedges (CLL is long crude oil)
WTI Swaps:
• US$90.60/bbl on 2,000 bbl/d for calendar 2011(1)
WTI Costless Collar:
• US$80/bbl by US$96/bbl on 2,000 bbl/d from
Apr 2011 – Mar 2012
• US$80/bbl by US$100/bbl on 2,000 bbl/d from
Jul 2011 – June 2012
• US$80/bbl by US$120/bbl on 2,000 bbl/d for calendar 2012
Natural Gas Hedges (CLL is short natural gas)
AECO Swaps:
• $4.20/GJ on 4,000 GJ/d from Oct 2010 – Sep 2011
• $3.87/GJ on 4,000 GJ/d from Sept 2010 – Aug 2011
AECO Costless Collar:
• $3.70/GJ by $4.30/GJ on 5,000 GJ/d for calendar 2012
Gasoline Hedges (CLL is long refined products)
• WTI plus US$27.50/bbl on 1,000 bbl/d of gasoline from
32
Sep 2011 – Mar 2012
CONNACHER IS VALUABLE(1)
Estimated Net Asset Value (NAV) $millions
Proved and Probable Reserves (2P) (2) $3,101
Best Estimate Contingent Resources (2) $571
Land Value (3) $15
Book Value of Refinery (5) $83
Investment in Gran Tierra (legacy PDP) (4) $22
Working Capital (5) $19
$3,811
Less: Face Value of Long-Term Debt (6) ($880)
Estimated NAV $2,931
NAV per 448 million Shares Outstanding (5)
Pre-Tax NAV per Share $6.54
After-Tax NAV per Share $4.98
After-Tax 2P NAV per Share $3.71