GREY:PRBEQ - Post by User
Comment by
Burnermanon Mar 24, 2017 12:10pm
90 Views
Post# 26026409
RE:RE:volume
RE:RE:volumeThey reported over 3 million profit 3rd quarter of last year. 3 million was used to pay down debt. They have lowered operating costs. Fourth quarter oil price was considerably higher. That alone should put them in the green. Add the completed decommissioning contract and now they have the funds to negotiate. They reported that they refused to make the payments to the Note holders not that the funds were not there to do so. I personally believe they have negotiated financing that will be fair to both parties. We shall see soon if I am right. GLTA