RE: DEBT The lenders are not just watching debt but the debt/cash flow. For comparison I did a rough estimate of debt/CF: Twin Butte 6.6, Crescent Point 4.3, Renegade 11.2. I believe we have to decrease debt and increase cash flow to get our ratio down to a more acceptable level. They have to determine the best way forward to satisfy the lenders. The lenders will not pull the plug as long as they can meet the interest payments but will pressure the company to improve the balance sheet.
JMHO