Operating loan.....For the first time in recent memory, bank covenants are onside but rate has been boosted to prime + 3%. As noted in MDA, loan is expected to be renewed at a lower amount.....not sure where the $$$ comefrom to pay this off.
No one interested in doing a deal on Wabumen prospect.
At least EE hedged 600 bopd at $99.00 for the next year.
Less than $3M a quarter cash flow now.....the low hanging fruit better be for real or this doggy is on the block.