Worthington Group - Re: WRN Stream Log - REF.FINANCING. There is only one...

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Re: WRN Stream Log
16:42 05/10/2014
Researcher
0 replies 0 0

REF.FINANCING. There is only one solution to it. WRN is doing the financing for CBS but then they will have and get 100 % control. If this happens, then WRN will create value through revenues from the Oil and Gas sales and of course from the value of the underlying proven reserves. In short: It is WRN who will have to raise all those Millions in the years ahead and if I Interpret the presentation from CBS right, then we are talking about 30 Mio in the first 3 years and another 38 Mio shortly after those 3 years. A lot of Money, if you ask.

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