The latest Quarterly Report implies the Phase 1 development will be debt funded (or at the very least, substantially debt funded).
”Warrego is in advanced discussions with a number of domestic and international banks to secure a project finance facility of up to $75 million to fund its 50% share of the Phase 1 development of the West Erregulla field. It is expected that a banking “club” will be formed by the end of May 2021.”
WGO Price at posting:
26.0¢ Sentiment: None Disclosure: Held