GREY:LSTMF - Post by User
Post by
chantal2468on Sep 24, 2015 10:57am
128 Views
Post# 24131491
bushhog1...LEARN TO READ ENGLISH
bushhog1...LEARN TO READ ENGLISH
I said interest and G&A is $160M.Thats $120M interest + $40M G&A.I also said at $70 oil the amount of CAPEX required to keep level production of 10 million BOE is $220M.I was showing that at a $70 oil price while maintaining production levels at 10M boe annually LTS CANNOT generate sufficient cash flow to pay back debt.The thrust of my comment was to illustrate that Lightstream requires an oil price greater than $70 to make any headway on reducing debt and being viable long term.I am well aware that capex for 2015 could be between $100-$120M for 2015.That is why production will fall from 35k b/d to 28k b/d.