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Re: flaflyersfan post# 1037

Tuesday, 04/10/2012 8:40:58 AM

Tuesday, April 10, 2012 8:40:58 AM

Post# of 25806
Because C&C sounds like a bogus company that is just another pinkie scam by Norman:

Current production levels are approximately 10,500 barrels of oil per day ("bopd") and average production for the first quarter was approximately 10,350 bopd. 2012 production remains forecast to be between 10,000 and 10,500 bopd generating approximately $160 million in after tax cash flow for the year, based on an expected realized price of approximately $90.00 per barrel.

As at February 29, 2012, C&C Energia realized an average price of $109.88 on its sales generating operating netbacks of approximately $62.00 per barrel and had adjusted working capital of approximately $81.5 million, including cash of $112 million.




Bring up two tiny, noneventful deals Norm gave to his buddies.

That fact is when he finds a real opportunity he gets it done. He took over Terra Nova and cut this deal with HENC. I suspect these six wells planned could only be the start in the Cooper Basin.