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Rooster Energy PRBEQ

"Rooster Energy Ltd is an oil and natural gas exploration and production company which is engaged in the acquisition, development, and exploration of petroleum and natural gas and the delivery of well intervention services. It provides plugging and abandonment services in the Gulf of Mexico. The company operates through Oil and natural gas, and Well services segment."


GREY:PRBEQ - Post by User

Comment by Burnermanon Feb 24, 2017 8:18am
137 Views
Post# 25887614

RE:RE:Financing

RE:RE:FinancingSince 3rd quarter oil barrel price is considerably up. This company has lowered costs and increased revenues. This coupled with the payment due on the decommisioning contract plus the good faith downpayment of 2.5 million one would think securing financing would not be an issue. With the possibility of oil nearing $70 by the end of the year wouldn't it make more sense for the lenders to, at the bare minimum, at least extend the waiver? A lower interest rate could also help the companys bottom line. This needs to be a win-win for everyone, not just the lenders.
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