RE: RE: RE: Placing9 Oct 2018 14:37
@will even with booked reserves bank financing is getting harder for oil E&P companies. Until cashflows are coming in to service the debt, banks take a hard and risk averse stance. There are specific Reserve-based lending avenues but it's difficult when a company don't have a well in production to demonstrate sufficient comfort for a lender. If a placing is required then so be it. I've no issue if it's value accretive. This is how AIM companies expand to get into the position of production. So many posters on here don't understand this, and also the timeframes involved with developing the oil field.