reserves report, page-19

thanks for that.

"Had discussion around debt - as I postulated it is not a RBL type facility but much more an Asset Backed speciality finance facilty. Terms are highly negotiable (credit to GG as I couldn't squeeze any market sensitive info) so I' expecting a 5 year multi-tranche facility with interest rate between 9%-12% and origination & facilty fees of 2%-3%."

OK, I assumed they could get better based on 1P, but get it released for each well drilled.
Obviously they probably could with say 2-3 wells on each acreage area, then doing that 1.5ml PDP,PUD report for each.

Catch 22 for them I guess, need funds to develop/ hold acreage, cant do one with out other. SHers tapped out with last SPP.

Good info re the net back, very positive. You could probably use $55 now.

On the Halcon payback, its triggered something I read. so I do believe its on the "fine print" somewhere. Still that will change your cashflow model, but just for the free carries.