Post by
trade99 on Nov 15, 2011 11:07pm
Can VCA finance the capex?
Lots of drilling permits but does the company have the cash and/or credit to finance the capex???
Comment by
chucker6 on Nov 16, 2011 12:42am
If you listen to the presentation they actually have 9 million credit.
Comment by
lebowski101 on Nov 16, 2011 12:58am
Ah - thanks Chucker.All the more encouraging.As an aside, if oil can sustain +$100 bbl for a while come 2012, we will see more analysts taking a closer look at juniors such as VCA.