We will have to wait and see on the production numbers. I believe that the 500 barrels per day was in error or short term on start up. (but I could be wrong). When calculating DWOG share of production, it is also important to include their ownership position in Andora and their now royalty ownership. I see the picture as much brighter than the one just painted. Again, I could be wrong. I will be very surprised if their initial gross profit per barrel does not greatly exceed $17-$20.00.
Bitumen price of $45/barrel to break even, going by recent projects where start-up costs per flowing barrel have been up to $50,000 with stable production cost between $35,000 and $40,000 per flowing barrel.
News 
Market Data 
Discover 
