Cmon...great post response..but think about this...rather than "equity like returns"
What say you to this scenario..." Carlyle will kick in funds.gets in as a partner...makes
money during initial flush production of wells..then gets out by returning the working interest
to partner..This policy like change indeed could if successful see a more aggressive approach by P.E
to a more 'intensive" short term broader based ..perhaps " reward for effort"..on behalf of investors
given that general "traditional" industry longer term return pickings are fairly slim at moment...
Clearly , Florence far more attractive/comfortable as lending proposition..given that
this not a "get out of jail" style rapid depletion OIG shale project at something like.....
$3mill..plus cost per well drill........so lenders can at least relax and not worry to much
about rapid return of working interest....and departure from investment....
Looking forward to Funding Announcement..and drill campaign
Cheers
AKK Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held
