An impressive array of approvals re-enforcing the review MLNG &...

An impressive array of approvals re-enforcing the review MLNG & BH are well placed as so many seem to focus on the negatives. Even FL continues to engage in the background.

As for a CR, management have already stated they have a plan to get through to next year assuming BTAs don't get closed out this year. And we have a new MD who I'm hearing has just set out his vision/ strategy, so have faith in VC.

And remember at FID/FC, there is ~$66M milestone to be paid by Stonepeak.

BTAs will drive the sp big time mitigating a heavy dilutionary raise management would be loathed to sanction in any event so you can sure alternatives will be considered (Stonepeak prepayment, US listing, corporate bond issue etc) in case of need. Great to have no debt today to pursue such alternatives.

And worth noting NA instos continue to hold 50% of stock.