RE:RE:credit facility updateA few months ago Binnion stated that the credit facility was coming for renewal and that the expectation was it that it would not be for the same 50 million (citing the current environment in O&G). You can go back to some of the previous financial reports/releases to read it. I am not the bean counter there, so my guess is that with all the cost cutting that they have done it may be sufficient for now. Why borrow more than you need? Just adds to debt, which I am assuming they don't want to get out of hand.
As for profitablility, the company has also released their drilling costs, which have progressively declined. And most of the drilling they are doing is joint venture work.