RE: CLEAR BUY for ME18 Nov 2024 12:59
The development plan
• Small-scale LNG, in conjunction with proposed Italian EPC company to act as
contract operator, to produce initially at 10 mmcf/d from the existing two wells with
20+ years of ultimate production
• Italian EPC company to build and operate the plant; €16m capex to first gas, to be
debt funded
• Facility construction expected to begin 2024, with first production expected by 2025