RE: So .....3 Jun 2019 11:18
P2252 is covered until a well investment decision A1, then if Shell proceed CLNR will need £3-£4.5m going on their 30% share unless of course they farm that down more. So I can’t see them raising for that until it’s needed. P2437 will need some funds though as it’s a different deal all together with CLNR paying their way until a well investment decision on that licence. They’ll also need working capital funds and they won’t wait until they’ve only got a few quid left so I see it coming early that Q4.