Unfortunately their other assets(Jeanerette and Mystic Bayou Fields) besides Hummer and Yemen are worth diddly-squat and wouldn't raise enough money to fill the petty cash tin.
Can't see TF selling Hummer as he's just borrowed $US5mil to drill the second well there so essentially owes $US11mil on the Hummer field to the convertible note holder and there must be a big question mark as to how much it is really worth to a potential buyer which is probably only the operator Castex Offshore Inc.
PSA Price at posting:
13.0¢ Sentiment: None Disclosure: Held
