RE: Bridge loan1 Sep 2025 07:28
This RNS served only to "manage expectations" methinks. The Bridging loan is neither here nor there if all other anticipated milestones are met, running costs would have to have been paid in any event, a bridging loans just anticipates future revenue.
That said I do think this RNS will not be met well by the market as it seems to raise the spectre of a delay to the Drilling schedule of NJOM-3 well in Q4 2025; as the RNS now states and, had becomes fairly obvious that timing was - "although this is now quite a tight schedule"