ftroop, apologies, I see your point on the financial facility...

ftroop, apologies, I see your point on the financial facility that STX have and the NET position.
The 32M drawn are easily serviceable @ 6% interest.
But the position we sit here now is that we hold 103M in cash + we have an additional 46M available to be drawn on the financial facility. Providing us with 150M of available funding. Obviously this is before we take into account Walyering revenue. Let’s say we achieve our nameplate of 33TJ/d STX 55% share would equate to approximately 45M bringing the total of funding to 195M.
All of this, without TPD 45% share and the money STX is lending TPD + interest and option that STX have for another 80M or financial facility .
I think STX is sitting in in a great position, we have plenty of cash available to develop 100% SE project.
Shame I can’t say the same for TPD you guys really are holding by the skin of your teeth, if the SOA don’t go through back to 14c you go and the wound would take a long time to heal.