GREY:CLLZF - Post by User
Comment by
strzelinon Jul 10, 2007 1:57pm
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RE: bitumen prices/greyfoxxca
RE: bitumen prices/greyfoxxcaSorry ,bad timing with my post.
Missed the NEWS when I was writing it.
You right about the conversion. My google search show cubic meter/ barrel Now I know that the barrel of oil has different multiplier.
With the proper conversion the Bitumen prices are as follow:
2007 average: $39
With upstream cost for SAGD at the end of 2006 about $10, downstream cost $2 to $4 ,CLL can generate $25/bbl of bitumen minus the royalties.
Is this good assumption?
JUREK