RE: NY Fund - Outrider13 Feb 2019 15:27
A fair assumption/question in part.
But lets assume Peter does agree to come on board which allows us to re pay Paul-
Peter would have to have satisfied himself that he had a better than 50-50 chance of recouping his investment
To retain most of the licence and psa on block 12 we need to ramp up production and commerciality declaration across the fields- youd have to assume Peter coming on board would on part be due to him having advanced knowledge of BH and BP.
So for the best case solution for all the events would need to be
OOCS with outrider with them paid off. 20 odd mill for notes that cost 4- excellent value
NY fund - interest rate on the loan is good
Announce MOU and JV with BH and BP
Ramp up activity and production FRR, GG, GOGC and NY fund happy and wed have to assume BP & BH
Ramp up of activity and production - unlocks the claw back on the 400 miilion cost recovery pool and hop[efully the 6 mill tax rebate in some form.
Pay down the NY funded cash from revenue and rebate in double quick tim.
GG BP GOGC FRR INVESTORS BH NY FUND - all happy
Ive emailed the above to mr Carlsberg and requested the above forth with
OR
Mr Hope digs in, cuts off his nose to spite his face and has a fire sale of a few trucks and some old porta cabins while the GG revokes and takes back the block 12 licence.
Still positive of a favourable outcome. But the many unknown knows we know we dont know along with several of the knows we thought we knew but now know we didnt- mean its a fine line between positivity and oh deary me that was a croc of sh*t