RE: Funding1 Oct 2024 13:45
TL annual expenditure exceeding its income, so skint and if still holding out for all to come to the Island, cannot fund that themselves either, was delighted when they put their hands in their pocket for the farm up, with a paying percentage vice the full free ride they had, seemed to indicate , now a sense of urgency on their part, to get Chuditch moving.
Even if Sunrise venture resolved, its still years away (tenders 2030/31) They also have other problems to resolve, Chuditch could fix both in the interim, early revenues and taxes, plus we could supply their domestic plan, that was for by 2025/26 as still no update on Metinaro (fid to be end of 2023 or IN Q1 2024 Latest -Minister)
Presume that has slid at least a year so (2026/2027), with the right partners and the local Gov fast track support, Chuditch could provide that supply, a win win for them , revenues, taxes and own cheaper gas supply.
I still retain some hope, that this is all part of the wait and COMPLEX background deal AB is arranging, with his comments about parties in talks, about post drill follow on Gas production talks etc..........GLALTH