GREY:CLLZF - Post by User
Comment by
aboutoilon Jan 31, 2008 5:14pm
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Post# 14299801
RE: Suncor Expansion/correction
RE: Suncor Expansion/correctionSorry , make it $500 mln total cost for POD1 not a $400 mln.
Suncor at $47,000 per flowing barrel ...
....which makes CLL at $32,000 for stage 1 look quite good.../Moogs
Very interesting comparison and looks good for CLL but is does not include the interest charges on the Oilsand loan in 2007 ($15 mln) and additional $160 mln accumulated interest payments on POD1 part of $600 mln new financing at 10.25% from 2008 to 2015. About $500 mln total cost for POD1.
If you include the interest charges you will end up over $50,000 cost per flowing barrel. Higher but not to far from the Suncor which can finance the project from the cash flow or new equity issue.