Subsequent to 30 June 2024, the Company drew down on its existing Macquarie bank undrawn debt from TrancheC1, C2 and D; receiving funds of $26.7 million.
Section 5.1 (iv) Current borrowings consist of $16.3 million for Facilities A to C repayment amounts due within 12 months and accrued interest of $0.2 million.Non-current borrowings consist of $6 million Rabobank facility. The Group received a deferral for a $3.3 million repayment that was due 30 June2024, with repayment deferred to 30 September 2024. The drawn down balance remains payable within 12 months by 30 June 2025 under thedeferral schedule. The deferral is as a result of ongoing negotiations with regards to refinancing with Macquarie Bank Limited as announced onthe ASX on 21 June 2024.
8.1 COMMITMENTS FOR EXPENDITURE The group has certain obligations to perform minimum exploration work and amounts pursuant to the terms of grant of petroleum exploration permits in order to maintain rights of tenure. Less than one year = $50 million Between one and five years = $107 million
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STX Price at posting:
21.8¢ Sentiment: Buy Disclosure: Held
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