if the field was only 230mb why then increase the capex by 40% to $4.2 billion, as the project partners have decided to buy rather than lease a ship for the project. oh maybe there is more oil than just phase 1, an attempt by WPL to squeeze FAR, and also to scare any potential lookers with the new big upfront capex.
FAR could sell 1/3 of SNE (low ball offer) take some cash & the new lower capex will be easily covered by the US$350m Mac debt facility. + Cash in bank. Seems all too logic to me!!
Ann: Financing update for the SNE field development, page-157
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50.5¢ |
Change
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Mkt cap ! $46.66M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 47049 | 50.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 51.0¢ | 345490 | 5 |
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