Mr. Davies please take note, page-8

Based on my discussions with them it will be around A$100M - A$150M debt facility.

My guess is that will be securitised against our assets. It would be used as an overdraft facility to fund

• Next phase of wells and
• Processing plant

With circa $230M available (including our cash), and the new cash flow the next wells would unlock, it should be sufficient to make SXY the self -sustaining cash cow we expect it to be. (Hence the term 'whole of company financing solution')

SXY have undergone a competitive process for this debt solution and are probably now assessing which is the best option (in terms of covenants and cost of debt).