RE:Debt I think the bank debt has a hedging requirement otherwise it is fine as far as rate and conditions. The BDC debt has some restrictions under the government program it rolled out in but the rate is dirt chesp.
these guys wouldn't have much trouble arranging some other term debt or debentures. I suspect they jst said to heck with it for a quarter or two, we wanted debt down a little anyway somthey put it off until q2/q3
i think they will announce some sort of ROC program a quarter or so before they start like PNE did.
still think they are sandbagging on production but at least they announced estimates for cash flow based on strip. I think debt is actually dropping by just over 500k per day right now.