TB and Slawsons have the luxury of 6 wells at the flick of a switch, should cash flow become an issue.
A further 13 wells to drill in NS , with The Rainbow Project also showing promising results and set to resume, once the oil price recovers.
The debt facility was also increased to $50 million in November, even whilst the price of oil was crashing and the interest rate decreased to 90 day LIBOR plus 3.25%, which is approximately 3.48%.
It seems the bankers have a lot more confidence in TB, then what you appear to have.
- Forums
- ASX - By Stock
- SSN
- Some light in tunnel....No not the train!!!!!
Some light in tunnel....No not the train!!!!!, page-24
-
- There are more pages in this discussion • 37 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)