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$3.10 senex energy limited

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rollacoaster

1,360 Posts.

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30/07/18

14:43

Post #: 34626278
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Originally posted by tt2000 ↑

It will be the whole of company financing solution - my guess is there are a couple of funders / agreements.
I am hoping for a financing solution of $150M.
(This will alleviate any concerns about underperforming wells for me, as the financiers would have no doubt looked at cash flow forecasts and have very likely been satisfied by whatever they saw).

Separately, tomorrow, we will also hear about the Quarterly report.

Hopefully, we get reserve upgrades too.

Then still to come (and I think this should come quite quickly) - what we plan to do with the debt - which areas, how quickly drilling will happen, how many wells and of course signing of the gas sale agreements.

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I am expecting way more than $150m tt,

The original EIG deal outlined a $300m potential deal for WSG funding, and that was before Project Atlas came along

SXY Price at posting: 41.0¢ Sentiment: Buy Disclosure: Held
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