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Twin Butte Energy Ltd TBTEF

Energy Oil & Gas E&P
Twin Butte Energy Ltd is an oil and natural gas exploration, development and production company with properties located in Western Canada. The firm's operational assets have been sold to West Lake Energy Corp.


GREY:TBTEF - Post by User

Twin Butte Energy Ltd
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Comment by NuWaveInc45566on Jul 15, 2016 7:13pm
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Post# 25057801

RE:RE:RE:The Biggest Game of Chicken...

RE:RE:RE:The Biggest Game of Chicken...Technically they can't disclose CF before a quarterly according to their listing requirements. The date of close was not set by management and the Q2 date was set 12 months ago.

In addition, I may be an idiot according to IAMWCW so this may seem clear to someone else.  I have trouble seeing why CF would matter?  The banks are still looking for $85MM. Is the assumption that just because TBE is making $100K/d out of the field that all-of-a-sudden they won't want their money back? What would lead you to believe this? 

I personally don't have confidence in the banks saying 'Hey, nah, you know what - we good now. You're making a small bit of money but not even enough to replace decline and survive so dats coo. Just leave us what you can on the nightstand on your way out!'

It's raining so I'm not going out tonight... :-P 
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