You've been given the explanation, and the breakdown of the terms of that deal so many times that if you can't remember what's been said you don't deserve ANOTHER explanation.
While the company has the slimmest of chances to survive, right now this play is a gamble at best, ... you can buy, instantly, a million shares for 200 bucks, ... its a roll of the dice.
....despite the rise in production, it is offset by the fall in NG prices.