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$3.10 senex energy limited

Thanks very much, tt. Sounds about right.

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CEOChair

15,767 Posts.

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07/06/18

09:46

Post #: 33552253
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Originally posted by tt2000 ↑

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).

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Thanks very much, tt. Sounds about right.
SXY Price at posting: 41.0¢ Sentiment: Buy Disclosure: Held
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