Like a tiger stalking it's prey . Hmm yummy money and lots of it , but just have to wait . The only thing that is annoying is the slippery fly that keeps buzzing away on the screen spouting it's s........................t
10% of the field, question mark over also equity in the company, not by issue of more equity but by one of the current holders disposing of same. While 10% in jv would be nice, there should also be a cash add on in proportion for what RC says XEL's expensed to date, $400m. It may come in part from the rig cost contribution, why I wonder somewhat about such a reportedly expensive unit. So AN other also taking up a similar stake in the field, if out there, would probably give XEL some comfort on the cash side to repay the Bonds, contribution to Bentley cash apart from the RBL, and leave funds for further exploration of Blackbeard etc. Jmo..
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