refinancing of debt Impressive.
"We are extremely pleased with the new mortgage term loan with CWB as we have replaced an 11% interest sub debt loan with a longer term 5.10% interest term loan. The interest and principal savings for us will amount to approximately $1M per annum which will considerably strengthen our financial position and provide us additional free cash flow to take advantage of the increased drilling activity due to the recent surge in commodity prices."
Stock should rerate , especially with more cash flow to add to working capital