Probably but have a look at Jeremy Butlers website a cross between James Bond and a Russian sex doll manufacturer. It is amazing what a Cambridge education gets you into. Really good post by Devex on ii if someone can copy link as well worth a read.
Weve not had an RNS today to attract the vermin mate so its only my friends on here that ive let in on the winning numbers.... I want to share our lottery win tomorrow and in February with the mind blowing life changing RNS.. :)
So a JV could be 50/50 between Frontera and the LNG Company. Frontera would set up a subsidiary of Frontera Resources Ltd bearing in mind companies seem to be appearing left right and centre, these ring fencing the gas fieldor part of as he may chose to retain the local market side of things to fund the main company etc. The JV would then obtain finance etc. Varang whoever they are, are probably a front for a major imo and they will front the jv. Imo
The LNG page on the RR site refers to these capacity agreements which in the EU are 5 to 10 years on transportation. LNG tends to be a spot market, but in the FRR’s case you would have the capacity agreement and supply agreement as pre cursors to an RBL. In the gas industry RB:’s are secured against gas flows and a right to ownership in the event of default, because you can’t secure against reserves owned by the state.
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