ERHC Energy Inc (ERHE)

[RubyMartin]

Spec29 It Does Not Cost $50. To Get A Barrel Of Oil Out Of The Sand. Please see last paragragh.

Suncor's total upstream production averaged 302,400 barrels of oil equivalent (boe) per day during the second quarter of 2006, compared to 160,600 boe per day in the second quarter of 2005. Oil Sands production during the second quarter of 2006 averaged 267,300 barrels per day (bpd). This consisted of 258,800 bpd of synthetic crude oil and 8,500 bpd of bitumen, which was sold directly to the market. Production during the second quarter of 2005 averaged 128,200 bpd, including 9,600 bpd of bitumen. Natural gas production in the second quarter of 2006 was 189 million cubic feet (mmcf) per day, compared to second quarter 2005 production of 175 mmcf per day.

During the second quarter of 2006, Oil Sands cash operating costs averaged $18.30 per barrel, compared to $27.10 per barrel during the second quarter of 2005. The decrease in cash operating costs per barrel is due to operating expenses being spread over significantly more barrels of production.