Perhaps it's more to do with securing equity partner/s to the level of equity investment required to unlock EXIM funding. It sounds like they've realised that finding enough equity is unlikely to occur before 2022 is up, and are "resetting" our expectations in this regard.
The fact that they are signalling drilling and early works programs over the next one or two years signifies that they have run out of options in this regard imo. Nothing has changed re. EXIM and LNS but LNS seems like they won't be able to provide enough equity funding to satisfy EXIM.
In the bottom drawer for now.
Ann: Citronen Project and Financing Update, page-82
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