The bond issue is a very normal event.....It is not due for Five years and only interest payments due every six months in the order $12.3 million. Remember they are generating about $65 million of cash flow from the purchased production. They are taking the proceeds to pay down their low cost bank line because IMO once Stella comes on stream, the bond issue will very likely be bought out by the company. The coupon rate is very reasonable for a bond issue in the resource sector. There is no equity issue a all....and not even a convertibility option to equity as is the case with many smaller E&Ps. The deal is fine folks.....extremely normal course I have to chukle because if they had issued equity (like most thought they would if they purchased assets) the naysayers would have screamed out posts protesting profusely. They issue debt (as reasonable rates) and still negative over tones. Remember that they are now generating ~$400 million of cash flow per year even without Stella so their debt to cash flow is very reasonable as well. What is all the foolish belly aching for? At least if one is going post negative criticism let it be fact based. I am afraid that there a too many so called investors on this board that do not even know how to calculate a tangible book value or a debt to cash flow ratio yet offer up too much unsubstantiated negative criticism.