CE1 0.00% 0.9¢ calima energy limited

I agree. We had a $40million debt facility with Tribeca...

  1. 89 Posts.
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    I agree. We had a $40million debt facility with Tribeca partners, as part of the fund raising in August last year. If that facility is still available it makes sense to use that to build a permanent access road, complete the tests and bring the two wells to production, instead of sitting and doing nothing for eight months. The revenue earned from the two wells would partially defray the costs incurred, plus it would put us in a far better position to negotiate with potential buyers.
 
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