Stocks168. Could you explain the need for a heavily discounted CR in July 2012?
Why would CR be on the table at this time? Funding for 2012 is already in place and Oil production takes over from 2013.
The only need to a CR would come in January if the 120 M facility cannot be rolled over. If oil production does reach the target 6-7k BOPD I cannot see that refinancing 120M would be an issue for LNC.
If any of the deals in the pipeline can complete then any debt would be vaporised. (GCL JV in the short term and Teresa and SAPEX longer term)
If Uimat exploration has a find then where to?
ready to run (away), page-40
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