RE:RE:Loan amount and durationThe information is in their last quartely update. They are now down to $176.9 million on the loan which is at 15% interest. Thats why they are stomping on it to pay it off! That means currently running at $26 million a year in interest. The loan is guaranteed by assets owned by AOI, and has a duration until January 14, 2022. The production is hedged 95% at over $60.00 per barrel for nearly a year from now. Considering that AOI gets $25 million at a minimum every 60-90 days from now until January 2022, has $85 million in cash, and another $100 million in stocks easy, I don't see any chance of them defaulting.
The company may also see acquisition interest in its investments as the company itself and the companies that they hold stock in are all potential windfalls for takeovers.
I continue to chomp away at the stock and its holdings. My medical stocks have been on a tear, of course, and my dollar cost averaging on AFE, TXP, and OYL have been HUGE winners!
Lets hit at Luiperd, and spud Venus!