Ann: Restructure and gas field operations, page-3

  1. 5,742 Posts.
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    Probably had to be done to not break their financing covenant they must be down to around 2.5 million cash now. Have no cash at all for new drilling

    Security: first ranking security over Vintage assets, where joint venture arrangements permit. Financial
    covenants include: requiring a minimum of $1.5 million cash in the bank
 
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