The A to B aspect is fairly straightforward IMHO. The company just has to retain a rough break even until Vali is successfully appraised. On paper once V2 and 3 are online they should be able to plan out a full field development, and then lend for that from reserves. Odin is a side piece that just needs the existing lending facilities for O2 and long term connection to occur.
We've all got to remember that they're still appraising and that cash flow positive at this stage is simply a huge bonus.
Ann: KBC: Metgasco Ltd Loan, page-69
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