Market Reaction: Neutral. The call was not fundamentally different from the results earlier today. The Company continues to progress to first gas in 3Q15 though a delay in production or cash payment would create a need for a working capital debt facility. In anticipation of this, the Company has progressed talks with several parties over the last few months and believes a figure of up to US$10 mm would serve their cash needs for the rest of 2015. Furthermore, it could be relatively swiftly obtai ....


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1Q15 RESULTS CONFERENCE CALL
- Published:
19 May 2015 -
Author:
Stephane Foucaud -
Pages:
3 -
Market Reaction: Neutral. The call was not fundamentally different from the results earlier today. The Company continues to progress to first gas in 3Q15 though a delay in production or cash payment would create a need for a working capital debt facility. In anticipation of this, the Company has progressed talks with several parties over the last few months and believes a figure of up to US$10 mm would serve their cash needs for the rest of 2015. Furthermore, it could be relatively swiftly obtai ....