Ann: Project Financing - Credit Approval Secured, page-12

Does this important milestone achieved today not see HFR now squarely in play?

With the majority of capex funding now in place and a relatively modest equity cheque required to complete capex requirements. Plenty of options available to the company by way of a strategic partner, offtake + prepayment or equity at the head co level.

My guess is that for an existing producer to bring online a strategically important asset in Europe with plenty of offtake still uncontracted, this would be an opportune time to make a play whilst there is a serious disconnect with current market cap to NpV prior to the company completing one of the above options…..

let’s see how this plays out…