WN,
Welcome back.
Just wondering, did you hear that figure (60 to 80M) from your source?
And is that for drilling the same hole (PS2) again or a new hole?
As to finance, CVN still have about $30M USD in receivable - it could securitize this (similar to mortgage backed securities) or sell the right to receive future revenue to a Merchant bank.
Another alternative is to sell Outtrim East to Quadrant.
And we still have about $60M.
CEO Newsletter 23 Dec 2016, page-14
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