RE: Coronovirus. Interesting the hot and humid Countries have1 Mar 2020 18:45
The buying of the BP assets in the North sea is fully underwritten. From the RNS:-
"The proposed Acquisitions will be funded via a US$500m equity raise (net of expenses) which has been fully underwritten on a standby basis, existing cash resources and, if required, an Acquisition Bridge Facility of US$300 million.".
Seems to me the only way it would NOT happen would be if ARCM manage to stop the sanction of the schemes of arrangement at the court hearing ion the 17th March. If they win does the Wold end? No, everything in cancelled, It says that in the RNS too. I'm ok if it is cancelled, and I'm ok if it is not!!
All IMHO.