Post the end of the quarter, Strike announced a pre-development debt facility with Macquarie Bank for up to $28 million to support the drilling costs of the West Erregulla wells. The two-year facility is broken up into two tranches, with the first tranche of $13 million committed, subject to definitive documentation and limited other conditions, and the second tranche of $15 million subject to certain drilling milestones and further lender conditions and approvals.
Ann: Greater Erregulla Update, page-73
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