Cheers. So pref B = $30M & pref A = $15M.
What a pickle we have got ourselves into.
If we can somehow survive with Snake River, we will end up with $40M debt, and producing about 600-700boepd.
We then spend $10M on workovers and exploration in 12mths and can get to probably 1,800-2,000boepd.
At about $40 margin at current prices, would generate $30M p.a.
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Cheers. So pref B = $30M & pref A = $15M. What a pickle we have...
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