Re-financing from Webinar10 Mar 2023 16:07
Someone asked the question about, whether we would re-pay some of the bonds, with Richard saying that we had our options open, with 1.1Billion liquidity headroom.
I was thinking, why would we go to the expense of paying off part of the bond, but if we were confident enough of a sale of part of a licence, then we may aswell pay off the full amount in one go.
Then they said that they were considering options in Guyana? Where we have a major oil discoveries on the prolific basin, which is undergoing new licence rounds, which are highly over-subscribed.
We have a proven hydrocarbon discovery, which by the sound of it extend into the multi Billion well discoveries on the Liza field to the north by Exxon, with a profit Sharing ratio one of the best in the world.
All I can say is watch this space, significant developments are on the way, with Rahul saying, this is the year that they start to put the debt burden to bed, with H2 2023 being the period of significant cash being generated.
Word's getting out, top-up if available.
GL ALL