Ann: $5m debt facility secured to deliver Odin gas to market, page-45

Perhaps it's a low rate? I haven't seen any recent deals in the O&G space in single digits?

One thing to consider - is it Keybridge keeping it low? If they were selling it down to get a good deal then they would release the handbrake now - as it isn't in their best interest unless they are planning a takeover themselves. Yet the sell side is still stacked with those large parcels? They would also need to update the market on every 1% move...so either they're not updating the market or they aren't selling that much. If they aren't selling that much...who is? The options issue is feeling more and more like a defensive play. If KBC were a predator then it would be obvious to management and they could've struck a loan deal with a different third party. Something is happening, but sometimes it isn't the 'obvious'.