Central Pacific Minerals & Southern Pacific Petroleum Message Board

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Gold/Mining/Energy : Central Pacific Minerals & Southern Pacific Petroleum

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To: CLK who wrote (42)	7/19/1998 3:02:00 PM
From: marcos	Read Replies (1) of 90

"As the learning curve goes, the cost per bbl will decrease." That was the case with Suncor and Syncrude in the Athabaskan oil sands. SU survived on its downstream and its credit for years. The only reason they did well in the last quarter is that they are well hedged at 18+/bbl. suncor.com I doubt that Stuart will be meaningfully economic at current PoO (even with a positive operating cash flow, there's no way they could get much return on invested capital and may not be soon able to service their debt from cash flow), but I don't think that matters so much as management's ability to hold on to the assets and improve the cost/benefit equation over time. Meantime, there will be lots of trading opportunities in the shares. Wicked chart on cpmny quote.yahoo.com - this looks like the chart of a Can junior I have that is leveraged to heavy oil. Don't know about other oilshale firms in Oz - good question. As far as processing through the same plant, though, I doubt it, transportation costs would likely prohibit that. But licensing or JV deals could be possible if the process makes money. There's a whole lot of oil in the shale right at Stuart, anyway.

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