RE: North Sea dealmaker ready to raise acquisition stakes ...5 Aug 2019 12:18
"Mr Austin, 53, is at the helm of an operation that generates large amounts of cash and has the staff resources required to develop and operate fields.
Highlighting the profitability of the production RockRose acquired with the Marathon portfolio, Mr Austin noted: “We’ve got Ebitda profits now of $200 million a year at current oil price; that’s a very material amount of cash flow to support doing things.”
He added: “There’s a significant amount of cash on our balance sheet as well.”