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Renegade Petroleum Ltd V.RPL



TSXV:RPL - Post by User

Comment by 07wildwoodon May 18, 2013 12:23pm
112 Views
Post# 21413794

RE: RE: DEBT

RE: RE: DEBT

Last. Why would the lenders pressure the co when the assets the purchased for 405 mil added 175 mil to the debt? Renegade debt prior was about 90 mil and you now have lender on the hook for less than 50% of the cost of the PWT assets.As for debt/cash flow add in the 1st Q workover cost as a one time occurance of about 4 mil. 27.4 +4. 31.4x4 gives you 125.6 cash flow. Remember netbacks have risen slightly as Edmonton par has closed to WTI and is a wash to about 300 boes production lost at Redvers.

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