GREY:CHTYF - Post by User
Comment by
seym0reon Apr 10, 2014 12:14pm
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Post# 22435450
RE:RE:Drilling is changing the prospects
RE:RE:Drilling is changing the prospects
From the PR they say... The net proceeds from the Offering will be used initially to reduce bank indebtedness and thereafter to partially fund the Company's continuing capital program and for general corporate purposes.... I read this as they are lite on some cash for the day to day. Although the proceeds are a nice chunk of $$$, I am hopeful they are working on a deal for some additional assets. It would be a waste not to. With that being said, does anyone know if tie ins are generally included in a drilling budget?