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5.4¢ byron energy limited

Ann: Quarterly Activities and Cashflow Report, page-155

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hombre cara

30,559 Posts.

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30/03/21

14:21

Post #: 52143593
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Originally posted by boysy1: ↑

This is nothing but the company’s making - I cannot see any reason why they would appoint a debt funding advisor and announce this to market unless they were hoping crimson would roll over and reduce payment terms or provide them with more money. I genuinely do not see why they would release a we are seeking funding elsewhere announcement. I suspect SP weakness has more to do with performance of G#1 and G#2 than the funding announcement though one clearly impacts the other.

It would seem as though they are going to miss their own timeline to market and have seemingly got the incumbent funder offside. Big question marks surround that SM58 field, it has to be remembered the co agreed to these repayment terms (which they are now complaining are too restrictive) which should of worked well if either well had produced the 1000bopd + 20mmcf each they were expecting.

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I think it's poss probs at SM71 boysy......?

Last edited by hombre cara: 30/03/21

BYE Price at posting: 13.0¢ Sentiment: Buy Disclosure: Held
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