RE:RE:Q1-14 Cash Flow EstimateThe $89M tax and $60M in royalties are included in the cash flow estimate.
I note that the 2014 guidance shows $200M in taxes and $128M in royalties for the whole year. Guidance was all based on a lower oil price. After the Q1 numbers are in, I usually have to tweak it to account for the accounting changes introduced into the 2014 numbers. For instance, I will be watching for a change in their depreciation numbers associated with projects completed in 2013.
Namsoc