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Rooster Energy PRBEQ

Energy
"Rooster Energy Ltd is an oil and natural gas exploration and production company which is engaged in the acquisition, development, and exploration of petroleum and natural gas and the delivery of well intervention services. It provides plugging and abandonment services in the Gulf of Mexico. The company operates through Oil and natural gas, and Well services segment."


GREY:PRBEQ - Post by User

Rooster Energy > Financing
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Post by Burnermanon Feb 16, 2017 8:25am
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Post# 25853669

Financing

FinancingIf I am reading right COQ needs 54.7 million to be completely debt free. They gross just over 60 million per annum as shown on TD Waterhouse.  They still have the payment or final payment due ( I can't find any info on this contract ) on the decommissioning contract. This payment coupled with the considerable price increase in the barrel of oil since 3rd quarter should be more than enough for them to secure financing. So the big question is,  why is it taking so long to secure financing? 
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