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17/03/09
15:22
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if the offshore permits are abandoned,the big debts it seems can be written off.
there are still tens of millions of dollars of expenditure committments to be met offshore even if the 20 million does show up.
capital raising no matter what.
east wing with quality problems.
best hope is to get a percent or 2 free carried offshore,and find a way to deal with the co2 problems without giving away the gas.
can not drill onshore without cap raising or farmout,or both.
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