Sounds like they are sitting on their thumbs waiting for FDP approval. Really interesting that they appear ready to go immediately to FID once they get the tick from NSTA....in other words, no mention of debt funding needing to be in place prior to FID.
The Hartshead and RockRose Energy team integration has been very successful and the teams are focussed on progressing to Final Investment Decision (FID), upon receiving no further technical questions from the North Sea Transition Authority. We have seen the UK gas price surge to over £1.50 per therm in the last few weeks and the forward curve for UK gas remains very strong for the many years ahead. Our Phase 1 gas project will move into the development phase post taking FID later this year and we are uniquely positioned to help provide new gas supply to the UK. This all bodes very well for our shareholders as we progress to development of Licence P2607”
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