Cottee Interview 13 7:23 PM Money News, page-7

From the half-yearly report;
"The Macquarie Bank Facility consists of 4 tranches totalling $90 million. Tranches A and C total
$20 million and were used for the acquisition of Palm Valley and Dingo gas fields and related assets from Magellan.
Tranche B totals $30 million and was used to fund completion of the Dingo gas field, including all
acquisition costs and capitalised interest expenses. Tranche D totals $40 million and was used
primarily to fund the Mereenie acquisition.
All tranches are structured as 5 year partially amortising term loans with a maturity date of 30
September 2020. The interest costs are based on fixed spreads over the periodic Bank Bill Swap
(BBSW) average bid rate. The Group does not have any interest rate hedging arrangements in place.
The Group can repay the Facility in part or in whole at any time without a pre-payment penalty.
Under the terms of the Facility, the Group is required to comply with the following three key
financial covenants:
1.   The Group current ratio is at least 1:1, excluding amounts payable under the Macquarie debt
facility.
2. PDP Cover Ratio is greater than 1.3:1. PDP Cover Ratio is defined as the net present value
(using a 10% discount rate) of the proved, developed, producing reserves of the Palm Valley, Dingo
and Mereenie oil and gas fields.
3. Financial indebtedness to trade creditors over 90 days from due date for payment does
not exceed
$5 million.
The Group remains compliant with these and all other financial covenants under the facility."

I can only see Mac bank being able to call up loans if CTP breach the loan covenants.