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CN on Commsec executive series, page-26

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    Oh you do love to spread doubt don't you ... 2030! Come on be a bit more optimistic. You may be right that debt funding won't be available for a while but really Cairn and FAR say SNE is commercial at US$35 and therefore its quite profitable (attractive even) at US$55. HDR used debt funding after FID for development drilling but also pulled off a great deal by buying (pre-empting .. can't recall) equity from I think ENI who wanted out and reselling it for many multiples not long after. That's oe of the possibilities and hopes in all this PE wrangling.

    H
 
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