Ann: Company Update, page-73

Couple comments here James:

"Back of the hand calculations by me suggest that as it currently stands YTD, 100% of CE1's OCF will be spent just to maintain current production rates"

Q3 numbers as reported:
Revenue $25m
OPEX $15.2m
Earnings $9.6m
CAPEX $11.1m - to grow (not just maintain production).
So operations would be profitable to maintain production - particularly given cost of Pisces 8&9.
Q1 WCS was lower than Q2 also.

How did you deal with the huge hedging loss in your charts ?

In terms of comments about yesterday's Webinar, Glenn suggested investors can reach out to discuss. I'd suggest you do this and periodically and you (and perhaps others) will have a lot less to 'guess' about.