From $205 to $202 million1) I know we all expected better news. However it seems that TID still believes can find customers for both the heli-rigs and does not seem willing to sell them. Walter might know something that we do not know.
Walter said in Q3 CC that they had 4 companies looking at them. So did they disappear ? I can not believe it. So I think Walter keeps them because he still has hopes that it can deploy them.
What I noticed too is that long term debt dropped to $202 million from $205 million after Maurel deal.
I do not know what is the company's cash though to find the net long term debt.
2) We do not know how much money tuscany will draw from the DIP of 35 million.
I am sure it will try to withdraw as little as possible.
3) Let's all hope that it will come out lean in Q2 2014. HRT case will be resolved by Q2 2014 as Walter told me four days ago.