That's one way to push out MEO's funding commitment for Breakwater!
Give the company some more breathing space.
Let the oil price stabilise and perhaps return to $60 - $80 range.
I'm starting to see a gradual and methodical approach to stopping the rot, reducing near term funding commitments, and putting in the foundations to build a viable business. Encouraging signs.
All the while, MEO holds enough cash to "not only survive, but thrive".