Thanks for the debt facility download JD, but wouldn't you think in April 2023 STX was in a far worst financial situation then we are now and managed to get this debt facility secure by our entire Portfolio of assets ?
We are now producing and generating cash with a bigger portfolio of assets and with Gas shortage around the corner , in my opinion we are in a better position to renogotiate the entire debt facility , STX may scrap trench D and the 80M uncommitted facility all together and renegotiate a complete new package to suits our ever evolving GAS/Energy Business.
Do you consider perhaps that could be other financial institution rather then Macquire that would like a piece of the Pie at this stage of championship?
Regards expenditures: a) OH seismic was acquired on time and under budget in previous Qtr (paid) b) Kadathinni seismic ( + - 4M ) c) DBNGP connector expenses ( NO cost to STX nil, zip, nada) d) W6 workover and e) W7 flow/production testing ( I dont know but is been carried out together to save Money ) f)Walyering plant debottle necking issues upgrades/remediation. ( + - 1.5M to connect W7 to plant that can deliver up to 40 Tj/d just with internal work before any upgrade or debottle necking.If W8 and W9 successful it could push production above 40Tj/d then additional condensate holding tanks and plant upgrades require)
Is just the way I see things
STX Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held