The next few months are critical to the future of Xcite. $135m of bonds mature at the end of June 2016 and there is no visibility yet that they can be refinanced, or at what cost. At the same time, Xcite has done an excellent job of driving down costs for its Bentley development, both through cost deflation and optimisation of the project. With improving fiscal terms, the Bentley project is potentially more robust than ever before and is resilient across a wide range of commodity prices. Howe
17 May 2016
Bentley funding key
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Bentley funding key
The next few months are critical to the future of Xcite. $135m of bonds mature at the end of June 2016 and there is no visibility yet that they can be refinanced, or at what cost. At the same time, Xcite has done an excellent job of driving down costs for its Bentley development, both through cost deflation and optimisation of the project. With improving fiscal terms, the Bentley project is potentially more robust than ever before and is resilient across a wide range of commodity prices. Howe