Hi Crowe,
All just (somewhat informed) speculation by me and others.
Nothing is certain until the company announces it. And it could all be duck and drakes in the lead-up to a CR.
However, it would make sense for them to renegotiate and extend (as Alexeii points out) the line of credit with Macquarie. And at this point, we are big enough and have enough runs on the board (not to mention 2P reserves) for Macquarie (or another bank) to expand our credit limit, so to speak.
.
I'm just wondering, if so, what the necessary milestones might be:
- W6 flow rates and 2P reserves?
- Koch signing on the dotted line?
Then again, you'd imagine Koch would want SE1 reserves confirmed first, themselves.
Anyone else got any ideas about the most logical progression?
Will be an interesting few weeks and months.
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