RE: Final Results26 Mar 2022 19:49
"As at 28 February 2022, the Group's cash balance was £7.9 million (including approximately £1.3 million held as collateral for a bank guarantee against licence commitments). The Directors have reviewed the Company's cash flow forecasts following the taking of micro-LNG FID and reflecting expected costs. While the Company's funding obligation of the micro-LNG project is financed through associated commercial arrangements, the forecasts and projections indicate that to fulfil its other obligations the Company will require additional funding."