RE: Look20 May 2020 14:05
CP, can you see a scenario where production assets are injected into AEX, from either the Zubairs asset base, or from another producer, willing to sell, and this is funded by a loan to AEX from Eclipse/the Zubairs, where the revenues from the asset cover the financing costs? AEX is their listed shell, more or less, and is trading at a deep discount to the price they paid for their share holding. It has no revenues - to bridge the gap to Ruvuma revenues and to establish some form of cash flow until then..? As you mention, our existing assets, barring the 25% stake in the farmout, don't have much current value. Just thinking through what our options are to getting short term cashflows. PD