Although they have no "net debt", they have drawn down 12...

Although they have no "net debt", they have drawn down 12 million of the  60 mill loan facility from Maquarie....
"As of December 31, the Company had approximately USD$15m in cash and has the ability to draw up to another USD$8mm (of the initial USD$20mm) by March 31, 2015 under in its Term Loan agreement. The Company has no net debt at 12/31/2014 and is in compliance with all of its financial covenants."

"As mentioned previously, the Company has curtailed its production more significantly in January to take advantage of cheaply storing oil in the ground and benefit from the current contango in future oil prices."
Would like a clearer indication of how much production they pegged back? Approx 190 boe per day by my estimates and then you have the ngl's coming on line which Im not sure how to exactly quantify yet. So maybe capable of currently getting up around 1700/1800 boe per day, (when they decide to turn the taps back on). Adding onto this every month will be another 140-190 boe so by March this should be give them 2000 plus boe per day . Fairly exciting... more so if they can cash in some of that hedge and oil rebounds to $70.