Ann: 2023 Drilling Update, page-3

No excuse now to not confirm how they are paying for the campaign tick tock.

50 days from today mid august delivery - so will be drilling through the peak of hurricane season in a 50 year old rig.

so old prepayment required 400bopd hedged when it was $97 over 9 months to repay $11m. Would require 600bopd hedging at $65 if $11m was offered or around 45% of current production (assuming they are still producing 1350 bopd).