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2,345 Posts.
539
14/06/18
22:14
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Yes Project Atlas did also come along and back in January this was the reason I was given.
Depending on what conditions the financiers expect, it could explain the delay.
On the other hand though, what harm would there be in having multiple facilities. Many companies have debt with different maturities.
The other possibility is that we are trying to acquire something.
6 months with no financing facility update would be bearable, but coupled with no info on the current well rates has sparked my interest.
We have a good asset, that perhaps just requires a more experienced operator (hence my next step to try push for a takeover).
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