It would be prudent for BYE to use the market interest in the Q1 drilling to top up their cash.
OEL only pays 66% for those wells, and backcosts only in the success case.
Would like to know how they define success.
Anyway, I think BYE need more cash for the contingencies of a non success case, and/or cost blowouts above the agreed cap etc.
It would be prudent for BYE to use the market interest in the Q1...
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
