Deliver or Die: Financial Survival Challenges for Today’s Junior Oil Companies

Friday, November 15th 2013 - 16:15 UTC

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Long gone are the days of easy money, so it seems. Junior energy companies are finding today’s capital to be more expensive and harder to access. In the current market, juniors are fighting an ongoing battle just to balance sustainable growth, manage debt, and to compete with peers for dollars that just aren’t there. When assessing a junior, one must look at how they put their budgets together and maintain them if they’re to survive out there in the wild. Read full article

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onapthanh
We wanted to drill up the assets and prove it. We felt there would be a material-value move to our company, and I wasn’t willing to take the risk on putting a date of failure on if I wasn’t able to raise equity. So with our private placement it does indeed cause some dilution, but the bonus is that I don’t have a proverbial Sword of Damacles in the form of a milestone date over my head On ap Standa On ap Lioa
Nov 18th, 2013 - 06:22 pm - Link - Report abuse 0
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