RE: RE: Anyone know how much debt they are carryinI talked to managment this morning this is some of what I asked with the responses in blue after
Do you require financing for 2009 or is Durango going to be enough? NO FINANCING PLANNED, WILL BUILD CASH AS PRIORITYWhat loans will become due in 2009 and 2010? NONE IN 2009, 10 MM GBP IN 2010
Have you began trying to secure a rig for your commitment wells yet? Is there a goal date you expect to begin? NO, RIG RATES ARE TUMBLING AND WE WANT TO SEE RATES BOTTOM OUT
Hope this answers the debt questions...