yes they need to present the spill over table on wells.
ie, when a well cost is paid back to the leasing facility, then the cash flows spill over into the 4c.
Thats the opaque nature of the debt. Its an internal credit card, that limits dilution, utilized instead of CR.
More of a cash flow, 4c look through that is poorly understood, and doesnt allow a deeper look in, of the realestate model.
Its the grease in the wheels, that keeps the vehicle turning over. But puts blinkers on the market to where we are headed.
Which is why it needs to be thoroughly dissected for the market to understand, and presented to wider brokers.
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