Ann: Successful Production Testing - Killanoola-1 DW-1, page-242

Not sure how that helps or contributes FMF but i hope this does.
we all know that somethings up, if we do score an asset in Angola or anywhere else, here's what to expect, in my opinion only, the info and scenario below is what i have come across in another O & G with a lending facility.

so, we'll definitely need cash aswhat we have wont cover a purchase, apparently AK has stated that there will be no SPP, we'l lget a loan.
for those who dont know how it works, here it is.

so, short version is, if we want money, we'll maybe and i stress maybe have to agree to a scenario below, refer to the 2nd paragraph.
so the lender, who tends to be in a position of power, wil lsay, "hey O & G bro, want some cash, heres the T & Cs."
we'll no doubt take terms like this, get the cash and asset and hope they dont convert, the lender is playing both sides, if the SP rockets, great, they convert, if it doesnt, they still get thier loan paid from our cash flow.

X has entered into a Convertible Loan Agreement (“Agreement”) with X for US$ X
for a period of 12 months (31 March 2018) at an interest rate of 10%. Under the terms of the Agreement,
it is convertible at $0.04 per share at a mid point spot AUD/USD exchange rate on the draw down date,
subject to obtaining shareholder approval under the ASX Listing rules.

The Lender may convert the Facility, in whole or in part, into ordinary shares at any time prior to 31 March 2018
The price for conversion shall be the lower of:
(i) 0.04 cents per Share; or
(ii) the 30 day VWAP of the Shares prior to the date of Conversion

X is pleased to announce that X Limited has converted the balance of the outstanding loan under the
Convertible Loan Agreement (Loan) with Triangle by converting the remaining USD775,975.61 at
AUD0.04 and thereby increasing X's stake in the Company.

so when we did a share placement this is what we offered, The Capital Raising price of A$0.008 (0.8 cents) per New Share represents a 20.0% discount to the last traded
price on Wednesday 4th August 2021 (A$0.01)

so, it benefits the lender for the SP to be kept down irrespective of whether they have a condtion that includes a 20% discount to a closing price or 5 or 30 day VWAP, the lower the better for them and hey, if we get this and the SP rockets and they convert, i dont care