I agree the issue of the options is not good, too cheap, the excise price should have been at .045c like the other listed and unlisted options, otherwise a good deal, prevents going to the market again for more money.
It states it also covers the expenses of both the long and short term connection costs of the Odin gas field. It gives them a lot of breathing space in the future, it will also help to cover the costs for the seismics later this year and drilling next year.
Ann: $5m debt facility secured to deliver Odin gas to market, page-21
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