when is the news due:, page-7

But no company will farm in to pay AED past debts.

Even if a company farms in the rate of cash burn versus declining oil production means that AED now terminal. I will speak to my contacts and see if I can get a view on the current daily production and possible work over timing. Although my view is that the work over will not result in much improved oil flow.

Total different story if AED didn't have all this borrowing, just no way any else will touch it so CBA and WBC are in a tight spot, but not that tight compared to there underlying profits.

I expect the receiver to be installed by the end Feb at the latest as I think that's as long as the bank major will wait.