GREY:PRBEQ - Post by User
Comment by
Burnermanon Feb 24, 2017 8:18am
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Post# 25887614
RE:RE:Financing
RE:RE:FinancingSince 3rd quarter oil barrel price is considerably up. This company has lowered costs and increased revenues. This coupled with the payment due on the decommisioning contract plus the good faith downpayment of 2.5 million one would think securing financing would not be an issue. With the possibility of oil nearing $70 by the end of the year wouldn't it make more sense for the lenders to, at the bare minimum, at least extend the waiver? A lower interest rate could also help the companys bottom line. This needs to be a win-win for everyone, not just the lenders.