Ann: Appendix 3B , page-15

There's no doubt it's looking tricky, to say the least. With the latest capex figure of $250mil! That's $55mil for Nido alone. Not counting any blowouts. No Otto running this show. There's about 5 or 6 partners and some of them couldn't raise a float for a Friday arvo chook raffle.
Where is the WL "B" reserves? Wasn't this supposed to be completed yonks ago?
This from Phil in Oct:

"The West Linapacan A re-development, based on a phased approach and using leased equipment where possible, calls for the drilling of two horizontal, dual-lateral, subsea development wells tied back to a floating production unit (FPU). Crude oil sales will be by ship-to-ship transfer from the FPU to a shuttle tanker."

Not sure how much "leased" equipment will save on the $250mil or would the 250 just to drill and infrastructure.
They need the likes of Kufpec to step up and take out the other holders leaving Kufpec, Nido and RMA. The we will see some action there, only for Nido if Galoc keeps delivering!
Phils last idea for finance was another bank facility, let's hope he gets it, otherwise we all know how else they raise money! All IMO only of course.