All the JV participants presently need to do is meet cash calls made by the Operator to meet Contract payments as and when they fall due, and that applies whether the JV party have taken FID within their company or not.
If they can't PC has said the JV has the right to sell off some of their percentage ownership to meet their liabilities.
I have trouble thinking who would be a willing buyer of any such asset percentage being sold off, given PC has said WPL likes to hold a fair percentage of any asset WPL is the Operator of, in order to offset the risk of being Operator.
IMO & DYOR
All the JV participants presently need to do is meet cash calls...
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50.0¢ |
Change
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Mkt cap ! $46.20M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5993 | 50.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.5¢ | 5982 | 1 |
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