Need help for date calculation

I HAVE STRING COLUMN SAY "TIME_USED" WITH 'HOURS:MINS:SECONDS' (eg 153:29:41) FORMAT
I NEED TO CALCULATE IT TYPICALLY AND STORE IT IN SOME OTHER VARIABLE PLEASE CHECK;
--> (MINS.SECONDS)/60 ie (29.41)/60=0.4901
and concatinate this value to HOURS ie 153.4901
how to do this, i cant use like operator and get the data and do in one go for sql, can any one help me out
Regards
Naren

Like this
with t
as
select '153:29:41' str from dual
select trunc(hr+(mn/60),4) val
  from (
select to_number(regexp_substr(str,'[^:]+',1,1)) hr,
       to_number(regexp_substr(str,'[^:]+',1,2) ||'.'|| regexp_substr(str,'[^:]+',1,3)) mn
  from t)

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    Date: Thu, 13 Oct 2011 08:55:05 -0600
    From: [email protected]
    To: [email protected]
    Subject: I need help for actionscript 3, sending php info to my email, website created in Flash cs5 pro
        Re: I need help for actionscript 3, sending php info to my email, website created in Flash cs5 pro
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