LEEMUR You should read the posts going back about a year, it has been discussed on several occasions. Debt has not been a concern with SEA it was cashflow positive with a good senior debt facility to call on for the 2012 drilling programme. This latest windfall will be put to use hopefully ramping up some more 100% or high percentage SEA wells. But as weve been saying SEA isnt putting out monthly updates anymore, so no one knows how the wells are going untill they come off the confidential list which in our view is not acceptable. I dont know how you feel about being kept in the dark on this but people are going to be put off investing in a company when you have to wait till the Quarterly to find out.
MM
SEA Price at posting:
68.5¢ Sentiment: None Disclosure: Not Held