Read and be inquisitive, page-6

Wazz.... didn't want to see as a non-believer ... I don't see disaster. Definitely you have to been in highly productive and proven locations (e.g. the EFS and hence my "hesitancy" on Pathfinder) to make debt work. This is why the HK has a bit of an anchor in that the TMS is a big gamble (and the lost on Utica and Woodbine) and have won on EFS & Bakken. There is a difference.

Dwuuuu ... yeah now why am I not surprised. noted.


Magic21 ... I know its in a different thread, but what would you consider to be "favorable terms". As reference point, HK reports the following on their debt burden:

"At June 30, 2014, total long-term debt was approximately $3.4 billion of which approximately 93% bears interest at a weighted average fixed interest rate of 9.2% per year. The remaining 7% of our total debt balance at June 30, 2014 bears interest at floating or market interest rates that, at our option, are tied to prime rate or LIBOR. Fluctuations in market interest rates will cause our annual interest costs to fluctuate. At June 30, 2014, the weighted average interest rate on our variable rate debt was 2.0% per year. If the balance of our variable rate debt at June 30, 2014 were to remain constant, a 10% change in market interest rates would impact our cash flow by approximately $0.1 million per quarter."