Financial HealthSpending was heavy in 2Q, but the company’s cash position was augmented by the $283m equity offering, leaving them with $247m of unrestricted cash.
Government SupportThe Federal government promoted SYU in a press release, indicating their support.
Oil Storage And SalesSOC updated oil-in-storage to 350,000 bbls from 130,000 bbls in 1Q, implying a short path from first pipeline oil to first oil sales.