Ann: Bullseye Prospect Sale of 8% Working Interes, page-9

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  1. 6,805 Posts.
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    re: Ann: Bullseye Prospect Sale of 8% Working... Depends on their relative financial strength and what they see the most appropriate way of paying their extra for the cost overruns on J #2.

    If they are financially strong then those companies in that position will simply provide their share in cash. Many of the companies involved probably have ready funds available.

    A company like QPN which has limited funds available will have to find a way of funding its share. That may involve a placement with a suitable investor or it could involve some cash raising through some other means.

    It certainly does not mean that a % interest in Bullseye would need to be sold..... though that possibility should not be ruled out.

    There are a number of ways to skin a cat as they say. Just as GGP has shown.
 
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