Some valid points and goes a long way to explaining why they...

Some valid points and goes a long way to explaining why they were so keen to raise the recent cash. The need to pay down debt and continue exploration.
But I think going forward , there has been a near 30% increase in poo from $58 of last qtr, they will be able to pay down some debt, the new wells will be in full swing and hey will have TNT bringing in more bacon with them in the fold. Interesting to see how much they allocate to paying down debt , save for exploration and use for TNT. You can see how the debt hurts them though when commodity prices are low and production is cut. Barely treading water. even a 20% reduction in debt would see be quite beneficial if poo and pog keep heading north. Markets seem to be heading south though at the moment and even if the results are deemed as bad this will be taking a hit today anyway.