Not sure about the confusion. Both figures quoted r correct as they involve 3 key components of Development for Phase-1 for SNE.
- USD 2.2-2.3b gross is for drilling & subsea gear costs, &
- USD3bil gross includes leased FPSO costs.
Earlier this year (13thJune), CN mentioned 15% of USD 3 bil costs for ph-1 will b apprx 450mUSD net to FAR which can b split as 40 to 60 Debt to Equity split. She mentioned that the Operator Cairn had released Capex figures & that apprx 1/3rd of the USD 3bil is split roughly betwn all 3 components ie drilling, subsea & FPSO. Further estimates will b released once final contractors r selected & development moves closer to FID. Hope this helps.
Why FAR Ltd is among 3 ASX shares at 52-week lows, page-45
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46.5¢ |
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0.010(2.20%) |
Mkt cap ! $42.97M | |||
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| Last trade - 15.00pm 17/09/2024 (20 minute delay) ? |
| FAR (ASX) Chart |