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There is no mention of equity financing, but no contractor would take the risk to finance it all, without the company putting in equity, it goes without saying.

Its a bit concering that they bring up contractor financing solution in the middle of the Q&A. This would clearly require a big equity check to be put in place.

Its all coming together.

Southwark total disaster. Hand in the keys to the bondholder.

SpArmada, can you provide a link to the page from where you get the satelitte image?

Way to high share of gas, condensate NGL production and not enough oil. This well was supposed to do 1500 barrel of OIL per day.

Thanks

What are the flow rate expectations on the Southwark A2 well test ?

Given that COPL havent secured a RBL yet they are about to break the covenants again on the existing senior debt facility at 31 dec. The holder of the senior facility could put some pressure on copl to raise equity to give them a waiver for not being withing the covenants. Interesting times.

Talk about pre-placing ramp news. CEO on lse presentation tomorrow. Finalize placing this week or early next before the City is closing down for Christmas?

Palliser is only holding their stake like this to avoid tax, its standard among many funds. Some bank/nominee is holding the real shares and is issuing certificates or derivatives to them, but it just get reverted when the Palliser wants to exit the position.

I think it was a bit arrogant by the management not to spend more time answering question shareholder have pre-submitted.

David first question on the call was if they are going to raise capital. His answer was all but clear.

Its Larry discretion to choose to convert or not, so I cant see why he wouldnt convert all of it eventually. If Barryroe would try to raise equity, no sensible investor would put in equity above the conversion price.

Well testing results, another delay and a more down beat tone in the statement.

RichTheNewbie really? Chaarat have the opportunity for operational synergies with Lydian, I say they are soon out of the Shanta speculation.

Chaarat bid for Shanta looks unlikely now

My point is that they have only reached 6 mmscf/d based on hourly figures, not as great as producing above 6 mmscf for the whole day.

Interesting way of looking at reaching target. Meeting them on an "hourly basis". Feels like they had to put in that first in the rns before telling about the delays.

How much of the well cost should EOG recover due to this new tax / investment regim for oil and gas?