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Ann: Kuda Tasi & Jahal Development Project Update, page-6

  1. Onspeed
    4,303 Posts.
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    07/11/24
    10:33
    Post #: 76495162
    It still needs to go through the traditional engineering phases so timelines won’t change, but the update directly mentions early production systems which means production not long after FID.

    2025 is when we should see a significant capital infusion into FDR, giving us a big carry in the project, and/or a commercial deal with FPSO owner to come on board for equity. The research note used $100m farm-in with FDR re-investing that $100m in to capex. Exciting times
    FDR Price at posting: 5.7¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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