What will they do25 Aug 2018 05:17
What will they do .....Today 02:50........ with all this additional cash.
Over a year 10,000 more barrels on Catcher with an operational cost of $ 20, that makes $ 200 millions of additional cash. If we retain 50% participation it is $ 100 million every year, it's very considerable.
My question is, what will they do with all this money? Reduce debt or drill more?
I would prefer the second solution, but of all the ways, we start having problems of rich here: what to make of all this money?
Bon trade à vous !
-They will somehow find a way to pay about only 30-50 mill of debt next update (2.6 bill debt) and miraculous and spend the extra profits on debt interest payments and towards the cash heavy project sealion?