New JV with existing partners on15 May 2018 16:51
the cards I think. makes the most sense.
The current deal is split Petrol (12.5%), Geoenergo (12.5%), Ascent 75%.
Ascent get I think 90% of the profits until money spent is paid off, which would take many years. INA buy all the gas and helped with the gas export line when it was worked on back end last year.
Ascent need help financing the next 2 wells (at least).
Seems to me a new deal needs to be made between the current players whereby Petrol and Geoenergo get a bigger slice of the profits in return for providing some of the finance for the next wells. Maybe INA could be involved as well. These are the players that are there already, after all.
Or maybe INA could buy out Ascent's part of the deal entirely? They operate a gas field just over the border in Croatia, quite litrally "next door", and currently buy all of Ascents gas. Food for thought.
All IMHO.