RE:Debt If your building a company for the kokg
term . This asset gives us foundation. It's a building block. This is a massive asset. We got 17 k BOE for 525 M.
One of astute posters ealier mentioned that they ( Ridgeback) may have not invested much in maintence and drilling and who knows we might have to get our hands dirty and get it back to shape. The price is excellent.
I don't know how the market will react. My guess is a dump by shareholders who aren't here for another asset purchase. Whitecap had the same issue with the XTO purchase . It's coming back now.
This is what I would of done. Whatever it takes to get where you can get proper financing eventually , and you Increase the free funds flow per share
They could choose to return money to shareholders if oil gets back to $100.
Anyway.
good luck to the longs.
c