GREY:STPJF - Post by User
Comment by
TedRioton Mar 26, 2014 10:00pm
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Post# 22373499
RE:interest payments -$15 million interest payment per year??
RE:interest payments -$15 million interest payment per year??yes but bear in mind that stp is replacing an existing credit facility, so we are not talking about an additional $10.5mil, likely no more than an addition of $3mil annual interest cost. if the ICDs are the answer to your prayers then maybe Mackay can reach 7000bbl/d by Xmas.., they may be able to chip away at the debt burden if oil prices do not collapse