And there you have it, a massive liquidity event for our shale cousins Igas, resulting in the mass equitisation of debt... and before any of the value of shale assets has been firmed up. WOW! None other than Kerogen in the mix to swoop on such opportunity of course - were the debt holders working together, or were they working with the Wizard of Oz?
Value lost? No, just transfer of wealth from shareholders to debt holders and Kero.
I rest my case. Bohara over to you...
Ann: 31 December 2016 Results Media Release, page-44
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