RE: Farm-Out or Dilution27 Feb 2026 08:16
AI is heavily influenced by what you ask it…
“Probably not from a “typical” bank-style RBL lender, at least not on attractive terms, based solely on “Mongolia, ~300 bopd, two wells, both declining since start-up.” RBLs are sized off the NPV of proved reserves (especially PDP cash flow) and are re-determined regularly, so lenders get very cautious when production is (a) small, (b) concentrated in very few wells, and (c) showing meaningful decline early.”