SEA sundance energy australia limited

SEA Borrowings

  1. 98 Posts.
    Hi All,

    I was looking at the quarterly earnings presentation 31/10 and noticed that undrawn borrowing capacity was $65m. if i remember correctly the total borrowing facility was only $80m.

    Questions:
    - Does anyone know if there were any other borrowing facilities that have been drawn?
    - did anyone see anything in any presentations (or here on a conf call) that suggests they were drawing down more of the $80m between EOM Oct and now?

    I'm confident SEA can survive if their debt is only $15m and should probably just pay that down out of the hedged oil sales through to Dec-15.
 
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