I also forgot to mention, that it now allows DLS to basically have $100 million in funds available to take advantage of distressed sellers like STO. As the new facility is a 3 year one, with DLS cash on hand of $160 + $100 giving them a huge amount of head room to make deals. Or... simply plough some of the capital back into the Cooper Basin.
Ann: New $100 million Loan Facility Secured, page-8
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