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0.00% 2.1¢ petsec energy limited

Tranche 3 debt financing for Hummer development well, page-3

  1. Fike
    1,252 Posts.
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    13/05/18
    14:04
    Post #: 33061543
    Not sure why you would assume that . PSA is only participating at 12.5 %. The rest is funded by the operator probably with Debtor in possession funding for their share. This is a very expensive $50 mil US$ Well. PSA would not afford that with the $5 mil convertible note issue.
    PSA Price at posting: 9.2¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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