movement at the station?, page-3

v8

PYM has 40% working interest in the project.

And they will have to pay macquarie bank 25% NPI.

Still a good value proposition, and from risk reward POV, sound quite attractive.

Debt has a price, especially at this end of the market, but the fact they managed to get that sort of money, in this environment, says a lot about the prospect and its chances of success.

It is also secured by that one project not the whole company or its capital.

The drill rig,and the flow rates, will be the ultimate judge though.