My first thoughts were - why would they need to extend their...

My first thoughts were - why would they need to extend their credit facility considering they are now generating cashflow. Also that Oklahoma is included as surety. Maybe the sale of Ok is on hold or not imminent.

But looking at it more deeply, it wouldn't cost much to organise & will give them more flexibility. Of course they don't have to draw it down but it is good insurance. Possible buyers of Ok will not see them as desperate for cashflow (not that they are now with prod'n). Maybe they're going to do some more drilling at helper.

L2 or DT any idea as to whether they'd be presently dewatering the ASD wells so that they can go straight into stable production when connected? and do you think the muddy conditions would prevent them from getting the equipment in to frac 8-19?