Connacher Oil and Gas

Hi Terry

Based on their news we probably can make a small calculation.Their output is about 13700 now that in comparison with 11.900 in 2012 so that's almost 1800bpd .If we assume they could get 45$per/b (which is lower then current but i take a cautious approach )then this would result in 1800*365*45=29.565.000 $or 29.6million$ extra.

So IF oil price can stay around current level and they can pump up some more in next months to come this can result in a much higher surplus then the 29.6 mil.

Question is how much production and what level base wti price they need to come break even.From what I've read this is still not clear from the cc.