Ann: Chairman's letter with SPP and NOM, page-116

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at least the "junior" and part there-of of the senior will have to be repaid, prior to phase 2 capex​

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From Slide 13 of FAR's 121219 Ptresentation:

– Phase 2/Gas Export (Phase 1A): targeting a further 255 (1) mmbbl oil and 160mmboe gas (3), extending the production plateau to between 60,000-80,000 bpd (gross)( Note (4))
– Phase 2 expected to comprise of approximately 16 production wells and 17 injectors(Note(4))

Note 4. The current working assumption is that future phases of development will be funded through internal cash flow and existing debt.

Regards

SP