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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

Oct 24, 2011 05:58PM

Oct 25, 2011 08:41PM

Oct 25, 2011 11:54PM
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Oct 26, 2011 11:16AM
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Oct 26, 2011 11:59PM

Oct 27, 2011 02:23AM

REALLY JUREK So my fatal mistake is I've got no clue about present and future expenses and my agenda is to defend management and mislead investors...ARE you that stupid or just think we are...

ONE MORE TIME and we'll use YOUR Q3 Bitumen price of $44 and assume that royalties and operating costs stay the same as q2.

Operating costs for the 6 months ending June 30 2011 $20.86

( this is what it costs to get the stuff out of the ground and INCLUDES majority of repair and maintenance of POD1 and Algar it varies from quarter to quarter depending on costs and repairs required)

Royalties average $3. 07 for the 6 months ending June 30

YOUR SOON TO BE POST $15 ROYALTY IS PURE B.S as currently CLL is in PRE PAYOUT Phase and will be for some time. SINCE YOU didn't say when it switches to post we'll assume you don't know...

SO

$44 per barrel -$20.86 operating costs- $3.07 royalty= NETBACK OF $20.07 - $16 interest charges LEAVES A PROFIT OF $4.07 PER BARREL ON OIL SAND PRODUCTION.

ASSUMING Q2 YEAR TO DATE AVG BITUMEN PRODUCTION OF 13461 BARRELS *365 days = 4 913 265 annual production * $4.07 = $19 996.988.in revenue from oilsand operations

CLL Capital Spending budget for 2011 is $162 Billion dollars ( this includes the 37 million capex you included in your numbers) AND THESE EXPENDITURES CAN BE ADJUSTED LOWER IF NECESSARY SO oilsand bitumen production at Jureks $44 pays all interest charges and provides 19,996,988 towards the Spending Budget..This means that CLL MUST receive $142 003.012 in revenue from ALL SOURCES OF INCOME( Crude oil Production, Natural Gas Production, Refinery Profits, Interest on investments earned ETC)..IF TOTAL revenues DON'T meet Budget requirements and they can't adjust spending then a loss will be incurred.

SO I'm not a CLL shill or trying to mislead investors.I'm merely pointing out that COSTS must represent IMMEDIATE to near future requirements and that ALL sources of revenue must be included when considering CLL inccurring a possible loss. CLL WILL incurr a loss if their total spending is higher than revenue..NO DENYING THAT. IN FACT CLL TOTAL COMPREHENSIVE LOSS FOR 6 MONTHS ENDING JUNE 30 2011 WAS 62.646.000 OF WHICH 64.278.000 WAS A 1 TIME REFINCING CHARGE ( A 1,632.000 PROFIT WOULD HAVE OCCURRED FOR THE 6 MONTHS HAD THEY NOT HAD TO PAY THIS) My agenda is simple I OWN CLL SHARES, when BS is spouted it hurts my portfolio so I challenge BS'ers

Now Jurek on the other hand is making claims based on royalties that don't apply for the forseable future, is not including ALL CLL revenues from other sources, is applying capital buget expenses to bitumen production as if that's all CLL has etc etc..Now considering his known dislike for CLL, if anyone has an agenda to deceive investors it's not hard to look where it is.

SO JUREK prior to insulting the intelligence of others and making claims of what I do or don't know take a long hard look in the mirror


Oct 27, 2011 10:49PM

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