They could already have this 20% wrapped up just not finalised....

They could already have this 20% wrapped up just not finalised. It could have been a stipulation on FAS's behalf as part of the deal for whatever reason, I'm sure if Allianz are willing to stump up $260m with another $640m in reserve they wouldn't have borked at taking up the remaining 20%. My guess the potential offtake partner will take the 20%, it kind of alludes to this if you read the announcement a couple of times.

I would have thought Esperance port access would have got a mention but you would think they would have had to have this confirmed to finalise the finance.

Cheers.