CF from 75,000 boe/day at $100 dollar CondensateLooking at ARC just from the prospective of Condensate.
75000 boe day
$100 Canadian/boe
365 Days
So currently 75,000 boe a day unhedge would CF
$7,500,000 dollars a day
2.737 billion dollars a year (Just from condensate)
Last quater TOU cf a boe was 24.67
So the 75,000 boe of Condensate equals 304 boe/day of TOU Production
Last quater TOU produced 410,339 boe a day
ARC condensate CF is equal in value to $74.1 percent of the larges gas producers Production
How can ARC not have competative cost for production when each boe of condensate producton is equal to 4 boe of Toumalines production. Really TOU should multiple their OP costs by 4X?
IMHO