They lost millions by not taking the earlier deal.
This deal is less valuable than the $300M one, when you include the extra $26M that was spent when it didn't need to be. You really think NS & BS are worth over $166M, I don't, they allowed a whole host of BS leases to lapse, so they don't exactly rate them
You wan't to buy carry on, you won't get me buying it.
Yep the Breitburn shares have a nice yield at the moment, only the oil price is falling and by the time Antares drill a couple of wells there will be no cash left in the bank, so they'll need to start selling the Breitburn shares to fund new drilling, Don't forget they have $6M to pay in interest on the loan notes.
Simon, yes your AZZG will give you a nice yield for the next 9 months after that I'd be wary, I think they are being set-up so that on the reset Antares changes the term dramatically again.
LOTM
AZZ Price at posting:
45.0¢ Sentiment: None Disclosure: Held
