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jsalway1

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jsalway1

Re: caprock post# 2180

Thursday, 08/27/2009 2:31:40 PM

Thursday, August 27, 2009 2:31:40 PM

Post# of 116863
Do i have to spell it out for you? "TECO will pledge 9 wells to a bank to procure an estimated $2,000,000 line of credit for drilling and work overs of wells"

That is taken directly from the pr. Obviously, which to me it makes it blatantly obvious that banks do use the wells as collateral. Thanks for your insight...
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