A little snippet about the wirelogging

[Palm]

Sageo, per the Q3 financials the 2.75% Notes left to pay totaled $68 million. Interest is paid semi-annually in May and November. So in total they should have paid just under $70 million in principal and interest.

Too bad this batch of notes didn't work out like the ones issued in 2008, which were also 5 year notes. Share price quickly increased as Ant was discovered and drilled and by the end of 2010 all of the notes were converted to shares. Of course the conversion price was in the low $30s (unfortunately just below where we are today). Of course those were much different times as LNG was hot and just hitting gas made pps pop. Now we get a fizzle.

[sageo]

Sageo, per the Q3 financials the 2.75% Notes left to pay totaled $68 million. Interest is paid semi-annually in May and November. So in total they should have paid just under $70 million in principal and interest. Too bad this batch of notes didn't work out like the ones issued in 2008, which were also 5 year notes. Share price quickly increased as Ant was discovered and drilled and by the end of 2010 all of the notes were converted to shares. Of course the conversion price was in the low $30s (unfortunately just below where we are today). Of course those were much different times as LNG was hot and just hitting gas made pps pop. Now we get a fizzle.

  Palm - Thanks for your response...(and the other guys too) . True,the notes from 2008 worked out well for IOC by the end of 2010. With the ongoing fall in crude and natgas,we sorta' got caught in the "crosshairs" on the last notes.[ ...your "much different times" rings true in my ears].  OT- Would like now to see a farm-in or a sell-down in one of our other discoveries to increase our cash position. Thanks for your contributions to our cause. Best to you and yours.