debt agreement?, page-12

What's to analyse?

Not disclosed

* The lender?
* The term - 2 1//2 years - so its short and I can't see how its repaid in that time (and the early repayment is a red flag given what I've seen recently) thus refinancing
* Secured against what - is it non-recourse or not?
* The interest rate parameters?
* The amounts that can be drawn as additional wells are drilled (note it says "forward funding for the majority of the next 2 wells")
* And its still conditional


And the biggest red flag for me is Canaccord Genuity (personal dislike given recent history).


Other than that good to know we removed a balance sheet stress item for the short term.