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3,114 Posts.
314
26/05/08
13:49
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Yes its an interesting one.
So the complete initial dev of NSA cost $15mil US including steam plant so just under $3 a barrel based on 5.5mil recoverable.
If they get to use it for McCool as well then the price per barrel goes down further.
Admin costs - I am presuming are relatively fixed i.e. nothing unusual happened that quarter - we will soon see if 800k a quarter is normal.
Prod costs of $1.5mil - I am presuming that again the prod cost per barrel will fall away as they start to put more through the facilities.
I do agree with you that this quarter will be keenly watched as will their ability to fix McCool and get Paris valley started.
All in all though I still trust these guys and they are one of the larger shares in my portfolio.
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