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16/11/24
18:58
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Originally posted by Onspeed:
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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
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The question is how much will those with the capital want to pay to give the infusion? They can normally name their price and as much as long term holders who thought they got in cheap complain it doesn’t make any difference. The market and SP gets played and the big boys get the raise or placement at whatever price they want and we all have to suck it up.