Clarity16 Oct 2023 14:23
It’s been interesting reading the comments regarding the last company update and I’m baffled as to how we are meant to be any closer to sourcing a partner, or finance, based on their last statement. I’ve copied it below for your convenience.
My literal reading of the chairman’s statement is that they are continuing to seek a farm in partner and this is ongoing, and they would like to take advantage of any fpso’s that are available for hire.
That’s it ! There’s nothing to suggest that finance is secured. They simply said they’d like to take advantage of available fpso’s, well of d’ourse they do, who wouldn’t !!!
The trick is paying for it.
We are well financed and I think there are a lot of factors clearly in our favour just now, so I’m not panicking. I do like to stick to facts though and the short version is the farm out procès is ongoing, that’s basically the report right there in a nut shell.
Company statement below:
As reported earlier in the year, the Company has been sharing details of its technical and commercial work with potential industry collaborators. This work highlights that, following successful appraisal test results, a phased development of the Darwin gas condensate discovery in the South Falkland Basin would be economically attractive. This activity continues.
The Company's current project work is focused on technical and commercial sensitivities associated with its initial three well, phased development scheme for Darwin. This includes assessing variations in production volumes that could allow us to take advantage of FPSO vessels that are available for redeployment. All our efforts continue to be focused on reducing project risks, shortening cycle time, and advancing Darwin's monetisation