re: Ann: Update on proposed reserve-based len... If I'd managed to sell some at 12c after the notice I would have. Simply due to the longer expected timeframe to good upside. The money could have found a more profitable home.
However happy to hold. Prefer the company taking this course than paying over the odds to have pref shareholders release their hold on the fields.
Ann: Update on proposed reserve-based lending fac, page-5
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