WGO warrego energy limited

Petrel seeks investors to continue searching....., page-17

  1. 396 Posts.
    lightbulb Created with Sketch. 39
    Not sure if this link is mentioned somewhere around here already.

    Talk of asset sales if necessary:

    ' The source linked to the company told El Observador that the fact that Petrel is looking for funds does not mean that it does not have sufficient liquidity or resources to finance the future stages of the project, which "does not run risks of continuity," he said.
    "The funds are collected as specific financing needs are generated to complete the phases of the program, Petrel, being a company listed on the Australian Stock Exchange, proceeds to collect funds in this way," he explained.
    He added that the oil company is "economically and patrimonially sound", and has projects in Spain and Canada, so that even when the time comes, if it needed emergency financing, it could sell those assets.'

    Seems a confident tone coming from the 'source linked to the company'.

    The thick plottens
 
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