EXPM:EGRGF - Post by User
Comment by
pablo87on Apr 15, 2019 6:41pm
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Post# 29630421
RE:First quarter will tell all
RE:First quarter will tell allI wild guesstimate field cashflow from Canadian operations at $3M? Admin lets say $1.5M ($9 per BOE, LOL), interest at $1M ($6 per BOE, lol) and US field cashflow at $2.5M?. That would give us $3M cashflow. Needs to be at least $2M IMO.
My guess is the lenders are monitoring the cash balances daily, they could pull the plug at anytime but since they are getting 10-11% interest (no wonder if they are out interest coverage ratio) they probably won't unless shtf.