If you get to the stage of "binding" senior debt finance....it is because oil was worth something.
The oil price has recovered.
So the the oil in place asset has also recovered it's value ....which can be loaned against!
ie. The project is profitable.....at low oil prices.
They should be able to obtain finance once again and the due diligence is already done.
Ann: Lukoil Proposal Not Proceeding, page-157
Add FAR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
46.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $42.50M | |||
| Open | High | Low | Value | Volume |
| 46.0¢ | 46.5¢ | 46.0¢ | $99.06K | 215.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 229445 | 46.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 46.5¢ | 51117 | 3 |
View Market Depth
| Last trade - 16.10pm 05/06/2024 (20 minute delay) ? |
|
|||||
|
Last
46.0¢ |
Change
0.000 ( 0.00 %) |
||||
| Open | High | Low | Volume | ||
| 46.5¢ | 46.5¢ | 46.0¢ | 50638 | ||
| Last updated 15.59pm 05/06/2024 ? | |||||
| FAR (ASX) Chart |