nice jump - is ann coming?, page-27

Bigal

If they can recover 10% of the 233 Billion barrels of oil in Arckaringa....the debt will be easy. Given the amount and the interest rate they got this time around on the convertible bonds they must have been able to put something fairly convincing on the table when doing the sell to investors.

Yes its a risk proposition but the potential rewards are quite good.

Exxaro royalties are one thing but they will also be able to take up to 49% interest in the venture/s.

If they have Umiat and Arckaringa up and running and a dozen commercial UCG operations underway by 2018 on a number of continents then i think they should be fine for cashflow.