Yeah the interest payments and tech team salaries are a slow drain on the coffers, without much to show for it.
However if deals are being snapped up quickly, as mentioned in the AGM Q&A, then Otto probably need to keep the debt facility in place to act with certainty ?
At the same time, we dont want a repeat of Otto being the dumb money in the GOM.
Bit of a quandary for the growth strategy.
Ann: Gulf Coast Exploration Well Update - Additional Information, page-34
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