Consider if they are working on Taribani then Varang may be funding that and FRR cross bill a portion of the service provider costs for the drilling back. The rest of the YA money is then for the corporate working capital and the kit.....however I agree the drop to this level has to be part of the reason we have not had an RNS on the service provider take in my opinion....
You forget that drilling requires working capital, are you saying service provider can settle employee wages, frac chemicals, trucks etc without initial cash injection from frr? Have they received first tranch from YA?
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.