RE: RE 35p25 Jul 2019 11:52
MikeGP,
"It's the financing package for the construction of the pipeline and the processing plant to bring the TE5 Horst in to production.
If we are going to production,.. ( not saying that we are)... then the financing will be an important part of the FID as will be the competed GSA. I hope that SOU are pushing forward with both at the moment,.. either for ourselves and the 'long game'..... or to have everything tied up and neatly packaged for the sale."
I think Mike has summed up what will happen going forward. I don't reckon we will secure a decent enough offer for our assets and will be forced to go long. That's why a CEO should never over promise and under deliver. Way too much hype and as a consequence of this, there are now many investors way under water nursing huge paper losses. I think the whole thing stinks of rotten spam fritters.
Back to the wine. What are you drinking today, Trellis? Any recommendations?
JTF