IMO, in addition to the two things you said, the d
Post# of 2009
Posted On: 11/21/2014 3:07:52 PM
Re: OSU78OnFire #725
IMO, in addition to the two things you said, the decrease of liabilities on the balance sheet and the payment on the oil wells in the Vencedor Energy contract will really help. As soon as the wells are prepaid, they can be drilled. Source here:
http://civilinquiry.jud.ct.gov/DocumentInquir...No=8154974 (Page 118, number 2, letter b)
Additionally, all the contracts for the debt settlement have payment schedules that they are to be paid off in 10 successive months.
(Source http://civilinquiry.jud.ct.gov/DocumentInquir...No=8154974 for example, Vencedor’s is page 106 of the PDF number 3 “Payment of Purchase Price”)
So, if the price of Vencedor Energy’s balance, $835,000, is spread over 10 months, this comes to $83,500. If my math holds up, we could see a well prepaid every 2 months if payments are made on schedule. This assumes that any money that comes in is put evenly against all debt, compared to if there is a hierarchy of some debt paid before others.
http://civilinquiry.jud.ct.gov/DocumentInquir...No=8154974 (Page 118, number 2, letter b)
Additionally, all the contracts for the debt settlement have payment schedules that they are to be paid off in 10 successive months.
(Source http://civilinquiry.jud.ct.gov/DocumentInquir...No=8154974 for example, Vencedor’s is page 106 of the PDF number 3 “Payment of Purchase Price”)
So, if the price of Vencedor Energy’s balance, $835,000, is spread over 10 months, this comes to $83,500. If my math holds up, we could see a well prepaid every 2 months if payments are made on schedule. This assumes that any money that comes in is put evenly against all debt, compared to if there is a hierarchy of some debt paid before others.
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