RE: MATD26 Jun 2024 08:08
I had thought getting heron 1 online first then be self funding was the plan guess after years or delays, they have to jump at the chance of progress asap.
I thought that the crew were busy elsewhere from Q3 - so time get heron 1 running but not enough time to do any other drilling. But maybe they have been given the chance of drilling heron 2 also so wanted the funds fast?
Odd why they would also tag on funds for an exploration well on top though. Surely that will not be happening anytime too soon, so they could have raised those funs later at a higher price. Or a loan or self funded with h1 and 2 being online.
Cynical me would say its just another way to get rid of some PI and do some mates rates to II