TSXV:CVI.P - Post by User
Comment by
GMJFARon May 19, 2011 8:01am
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Post# 18598855
RE: RE: RE: Board options & there buying & not sel
RE: RE: RE: Board options & there buying & not selPRODUCTION GROWTH
Facilities and Transportation
a) Central Processing Facility:
Complete and fully operational (current capacity of 15,000 bbl/d expandable to
60,000 bbl/d)
b) Transportation Agreement with Nexen (Blocks 14 / 51):
Slide 11
Agreements have been signed between Government / Block 14 and 51 / Block 9
• Masila Blend (Nexen) 31° API ; 0.62% Sulphur
• Block 9 Blend 26° + API ; 0.40% Sulphur
Block 9 blended crude will receive the same price as Masila Blend (+/- Brent)
Truck Offloading Facilities – commissioning in May
Expected first oil (trucking) to Nexen Block 51 - May