TVI has just announced that they have sold their Alaska oil assets for 16M$. When you add about 5M$ received in credit recently it means that they have received close to 2 times what was paid for 1 year ago. Not a bad deal overall.
That is a very prudent move considering the fact they would have had to invest more money with the partners to finally know what was lying under North Tan and I think that any $ that would have been spent out there would not have been the best move especially when you need money to finally build and start the Balabag project.
It also means a couple of things: Philippines oil assets are now free and if anybody was wondering how they would finance Balabag, well now we may have the answer.
Also very important to note is that 6M$ loan will be repaid totally.That is a very prudent move considering the fact they would have had to invest more money with the partners to finally know what was lying under North Tan and I think that any $ that would have been spent out there would not have been the best move especially when you need money to finally build and start the Balabag project.
Very interesting also is the note in regard to a enhance join venture or an acquisition. Is there anything else in the work?
Q3 MD&A will be very very interesting to analyse !
Aucun commentaire:
Publier un commentaire