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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: Re: Bitumen/ WTI OIL/CLL

Oct 24, 2011 03:36PM

Oct 24, 2011 05:32PM

Jurek

"As I posted before CLL Q3 bitumen prices (~$44/bbl) will be about $10 lower the in Q2 and below total cost"

OK GENIUS PROVE YOUR ABOVE STATEMENT show your dollar for dollar breakdown

CLL MANAGEMENT said to me last month they have a current break even point of $35 for bitumen..Go to q2 financial and you'll see they averaged 6 month ending june 30 2011 operating cost of $20.22 per barrel and interest charges amounting to about $17 per barrel at current levels of production. With increased levels of production and changing operating cost $35 is extremely possible..

SO GIVE US YOUR NUMBERS PROVE CLL MANAGEMENT WRONG

iF you think that the equity and commodity markets ( and by extension CLL) are not being manipulated then you're either naive or insane..


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