Aroway Energy Inc ARWJF

RE:RE:RE:RE:Company Debt

[davpro]

Actually the July date was for paying off the non-compliant LOC... that is locked in and can't be changed by ARW... it will be paid off or replaced by the end of July.

However that does not comprise there entire debt, it is likely that they will take a new LOC to retire the old one and extend the terms to the end of December to facilitate Kerrobert. Nothing has changed with respect to the debt.  The total is the same but remember it is comprised of more than just the loc there is also the term loan and the seismic cost to be defrayed.

I tried to warn GT about his over exuberant prognostications of debt free by July... it was not what CC said at all, CC said bank debt which refered only to the LOC.