Takeout talk is interesting but the real question is ...When will IAE start pursuing opportunities in the Stella satelite areas? Truth is with debt already falling to 750 million, production increasing with Ythan and strong hedges in place for two years, there was no pressing need to do this private placement.unless IAE intends to actively pursue the satellite opportunities before first oil flows at Stellal. How soon will they start?
This investment reduces the Company's reserve based lending debt levels and provides additional flexibility to pursue value-accretive satellite opportunities in the Greater Stella Area.