Macquarie8 Jul 2018 20:57
BpC are not necessarily in a week financial position as people keep stating, if you do your homework Macquarie provide financing for many oil and gas projects, and even buy up assetts in the energy industry...oil and gas blocks, utility companies etc so who is to say that there not going to provide the funds for bpc's share of the drill costs??? They do it all the time via there Energy Capital department....BECK: We provide capital up and down oil and gas companies' balance sheets from traditional senior reserve-base loans to both public and private equity. The foundation of our effort comes from our technical staff with 16 petroleum reservoir engineers, geologists, and techs in our worldwide group (offices in Houston, Calgary, London, Sydney, and Singapore). This gives us the ability and confidence to fund capital into riskier projects than most banks would not find attractive from a risk-reward perspective - basically, projects that have a high dependency on development drilling. In the current price environment, the financings that we find are good fits for us may include a whole or partial refinancing of corporate debt coupled with a commitment for further drilling. Or it may be a simple development drilling project with a company that has otherwise become capital constrained. This may be funded through a project debt or equity structure....http://www.ogfj.com/articles/print/volume-12/issue-3/on-the-cover/macquarie-experts-scrutinize-industry.html