Given Phase One isn't yet at nameplate capacity I'd guess they'd be conserving funds for now.
However if R1b or about AUD80m came in soon from the CEF they'd have plenty of money to start drilling Phase 2 wells in August which only cost a few hundred thousand each I think. Then also have a big buffer for the US40m Phase One DFC loan which is 12 years to maturity from 2019 with a three year grace period. So about US4.4m in loan repayments per year plus interest in case of any further plant issues. Noting Phase One LNG is ramping up with Timelink coming onboard as a customer and helium hopefully fixed by October so the plant should be turning out a profit by early next year if at nameplate capacity.
Given Phase One isn't yet at nameplate capacity I'd guess they'd...
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