RE:RE:RE:Pony cash costs 2017E and 2018E ceremony, you're referring to this
"current cash production costs are well below AECO, so cash will still keep flowing, all the way down to low $1 or so for Aeco (if I recall correctly, cash costs are what, 76cents, or something?)
that was a refererence to cash "production" costs, i.e. opex, not all-in cash costs;
i.e. to get the stuff out of the ground, plus royalties; beyond that, transportation costs depend on which market, and G&A/Interest are fixed or step-variable, so they change as production volumes change;
so, to get one mcfe out of ground, 0.65 plus royalties 0.06 = 0.71/mcfe (my mistake, not 0.76)
that's important, because that's basically the incremental cost of any additional production from any given property (before transport costs, of course); since lease/interest/overhead costs are largely fixed
in other words, each ADDITIONAL mcfe only costs them $0.71 (before transport)
hope that clears it up