BYE 0.00% 13.0¢ byron energy limited

Let the oil flow!, page-6

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    They've taken the asset as security in the case of default/bankruptcy. I was meaning more along the lines of "we'll give you x million in return for a x% stake in the well." That way MEL get a direct exposure to production, rather than solely being a source of equity with the security of the asset in the case of default.
 
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