RE: Well,well,well,12 Dec 2023 13:13
Actually it’s alll about production. The JV, may, purchase assets and give us funding for drills. But I’m sure it’s dependent on proving up flow rates and the field/s.
Maybe both production and the JV are as important as each other. But before a JVP made themselves known this company is about producing. Production is key. It creates value, proves the resources are viable, creates possibilities for better borrowing / funding ( and highly likely improves our bargaining power in regards to a JV ).
We don’t know what the JV will offer or change. But we do know that getting production up will removed any going concern, concerns! and importantly provide the capital to continue to drill etc etc
40 year incline curve on huge resources in safe jurisdiction.
Prove that up, get cash positive and I’m pretty sure getting RBL, JV won’t be taking years to complete!