IGPG is only on the hook for about 5 million dollars - thats peanuts in this day of age of oil and NG prices. Adding only one well that at the very least matches the output of the Acom A-6 producing well would put the company on a much stronger footing.
Current management wouldnt even bother with us if they thought the debt was too daunting. We have a Swiss Banker as the current CEO. Ask yourself this: why would a Swiss banker get involved with a U.S. based micro-cap all but left for dead? I'll answer that: He knows full well that the situation with the company arose because of poor stewardship by past management and getting the company back on a solid footing is only a matter due process ie; drilling the prospects that the company already has producing wells on in the next 5 months and using the "hypothetical" proceeds to put Cornell behind them permanantly.
I would surmise that managment of this caliber see's a slam dunk or else they wouldnt waste the time and energy.
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