GREY:STPJF - Post by User
Comment by
HRc60to65on Dec 12, 2014 9:45am
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Post# 23223122
RE:Well, it happened
RE:Well, it happenedThe restructuring of the debt will put STP at positive cash flow at a sale price at 50$ per BOE with only Mackay at 12 000 BOE/day. Keeping only bank debt Cash infusion of 75M$ to complete Mackay to get 12 000 BOE/day and drill Senlac Exchange all secured note in shares or pfd shares Exchange unsecured bonds in shares Senlac production will be an additionnal positive cash flow