Note 16 to the accounts in the Annual Report shows the loan to Western Drilling increased from $5.88 million to $9.68 million during the year.However the assets of the 50% owned entity (Western Drilling) increased from $11.3 million to $15.5 million and the liabilities increased from $11.3 million to $16 million so it looks like NGE has loaned more than its partner.
The cost of the rig is at least $15.5 million.
Note 16 to the accounts in the Annual Report shows the loan to...
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