RE: Outside ReportNice work Don!!!
It's a little outdated, but non-the-less, not far off from existing economics. More debt but cheaper gas (less operating expenses) and they haven't even factored in future phases or any of the other leases for that evaluation.
As well, someone here just mentioned that opti will spend their 400 million by year end.......how exactly to you come up with that?!! They are already a the field break even mark, so interest expenses are all they need to cover for the last six months.....they intend to push out the rest of thier forex commitments until next year so don't use Q2 numbers as a reference for what they will spend in Q3 and Q4. By year end, opti should reach full-on break even (including interest expenses). By this time next year, LL will be at full rates, and selling some extra bitumen on the side, netting at least $100 mil/qtr.
Giver.