"To date, this has been a complicated and often frustrating process, despite the fact that we paid a significant original arrangement fee and incurred standby costs throughout 2008 to keep the facility available. With the suspension of Algar we have no current need for the facility in 2009. Furthermore, despite the fact that we held significant cash balances exceeding $200 million at year end 2008 and continue to hold substantial cash balances, we may be required to examine other financing alternatives to replace this credit facility, which remains in full force and effect as at this writing."

Although DG is upbeat about CLL as having cash, the lack of available credit (should it be pulled out by the banks) - could that put us in a situation like Oilexco? In other words - if no credit line is available - are we staring at a bankrupcy scenario?

GLTA