NCIB, Deals & they ARE paying back debt NCIB is on the table for consideration earliest Q1. Debt now a priority.
and what ppl don't seem to get: they COULDN'T pay back the Debenture WITHOUT paying full interest.
So they developed 2 extra plays instead.
They ARE already paying back term debt to the tune of $ 4,75 mln per quarter.
What they CAN pay back now is the bank loan. That's why they're FCF'ing that down in the next quarters and payback the debenture in Oct'25.
This MEANS all those development wells have paid back and some more by then: presto, 2 more plays and expensive debt dealt with.
Deals are always on the table and if indeed it's a no-brainer they will do it. The new CFO will better accommodate those deals and potentially financing. That said I think they will only DO this if it improves their metrics incl D/CF.
R.