Mezzanine finance of USD $150M and Macq secured finance of USD $350M.
Total debt of USD $500M. To succeed, this company is so dependent on the price of oil remaining at or above USD $65 pb and hoping there are no delays in contruction.
This is like a replay of the STO mistake.
Ann: Equity raising to finance Sangomar Phase 1 Presentation, page-2
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