11-20-2015, 06:06 AM
'jft310' pid='64806' datel Wrote:The full $300 million loan was available at the end of quarter 3 , part of the $473 million . When tapped the loan is a balance sheet item not immediately repayable like all loans . In some ways the lower cash levels encourage Interoil to cut an agreement for some non PRL15 assets . Hession has stated terms at least as good as the Total deal . End of 16 things are tight . At that time we will need extended loan , and/or larger loan size , or sell down with cash upfront or Total payment receipt . Today this quarter we are fine .
We should be able to get a loan on good terms from a bank or directly from Total, using Total's pmt as collateral. Possibly we will agree ( and get immediately paid) on Total's pmt - there is no need to go through the appraisal process, it is there as a backup in case we don't agree.