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Thursday, September 23, 2010 9:24:44 AM
Management now estimates the Texas project could generate total annual revenues of US$6 million per year. Approximately one-third of this amount, or US$2 million per year, will flow through to the Company as gross profit. These numbers are based on operating 24 hours a day, 21 days a month. Management anticipates processing approximately 800 barrels per day (BPD) and 16,800 barrels per month (BPM). CCP's final permit is anticipated to arrive shortly. Once final permit is received, management will bring in slop oil for processing.
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