Originally Posted by
jdg
hey boysy and shasta,
what is the situation with GPC debt funding Galoc? i thought that it was debt funded, but the loans were from the JV partners. i recall that OEL was accounting for 'income' from GPC as loan repayments until relatively recently when the debt was paid off and now it's recorded as revenue. i was unaware that GPC had gained external debt (from outside the JV) for Galoc development. but i may have that quite wrong - i wasn't invested in OEL until quite some time after Galoc was brought on line. i'd be really pleased for any clarification.
trust you guys had a great weekend.
-j