RE: RE: RE: RE: RE: RE: someone must know somethinAHHAA!!! So it was Mr. Green in the library with the candlestick!
Phase II is good news. If the expansion only costs 1.3 billion, opti has to buck up ~500 mil to double capacity. What bank would say no to that investment. Maybe another $50-100 mil/year for new wells......proven formation...and experience to know how to do this right ......this doesn't look too bad. Refinancing with a proven upgrader and another on the way shouldn't be too hard.
Giver.