The outrageous true story of a Russian mobster, a Miami playboy, a Cuban Spy, a Soviet submarine, and a Colombian drug cartel. Don’t miss Showtime Documentary Films' Operation Odessa on March 31 on Showtime Networks, after its world premiere at SXSW. | Showtime Networks

An exploration of an unconventional financing model surfacing in Odessa. A local entity is reportedly backing spec well development with a highly unusual capital structure: a 50-50 split until full recoupment, followed by an 18% interest rate thereafter. This proposition prompts serious consideration regarding the underlying risk assessment and collateral requirements when a single party finances the entirety of a speculative drilling operation upfront. This arrangement certainly challenges conv