New posts

Reply to thread

Message

halved in 3 months

[ATTACH=full]193042[/ATTACH]
.
raised a chunk of money in early Dec

Placement to commence execution of its Phase One Lionheart Project

The underwritten institutional placement and concurrent strategic placement raised €100m (A$164m) from the issue of ~28 million new, fully paid ordinary shares at an offer price of A$5.85 per New Share/ €3.57 per New Share

1. Capital expenditure (CAPEX)
- Commence execution of Field Development Plan
- Rig mobilisation and commencement of drilling of first new production well
- Procurement to support FDP execution sequence.
2. Commence EPC contracts
- EPC for Organic Rankine Cycle geothermal renewable energy plant, cooling tower, 110kV substation and pipeline
- Limited notice to proceed contracts for Lithium Extraction Plant and Central Lithium Plant.
3. Other execution CAPEX
- Commitment to key supply agreements
- Acquisition of land and site establishment
- Completion of integrated pipeline loop
- Purchase price for geox acquisition
- Engineering costs.
4. Operating expenditure

<blockquote data-quote="Dona Ferentes" data-source="post: 1316611" data-attributes="member: 66457">halved in 3 months [ATTACH=full]193042[/ATTACH].raised a chunk of money in early DecPlacement to commence execution of its Phase One Lionheart ProjectThe underwritten institutional placement and concurrent strategic placement raised €100m (A$164m) from the issue of ~28 million new, fully paid ordinary shares at an offer price of A$5.85 per New Share/ €3.57 per New Share1. Capital expenditure (CAPEX)- Commence execution of Field Development Plan- Rig mobilisation and commencement of drilling of first new production well- Procurement to support FDP execution sequence.2. Commence EPC contracts - EPC for Organic Rankine Cycle geothermal renewable energy plant, cooling tower, 110kV substation and pipeline - Limited notice to proceed contracts for Lithium Extraction Plant and Central Lithium Plant. 3. Other execution CAPEX - Commitment to key supply agreements - Acquisition of land and site establishment - Completion of integrated pipeline loop- Purchase price for geox acquisition- Engineering costs. 4. Operating expenditure</blockquote>

[QUOTE="Dona Ferentes, post: 1316611, member: 66457"] halved in 3 months [ATTACH type="full"]193042[/ATTACH] . raised a chunk of money in early Dec [I][B][COLOR=rgb(0, 168, 133)]Placement to commence execution of its Phase One Lionheart Project[/COLOR][/B][/I] The underwritten institutional placement and concurrent strategic placement raised €100m (A$164m) from the issue of ~28 million new, fully paid ordinary shares at an offer price of [B]A$5.85[/B] per New Share/ €3.57 per New Share 1. Capital expenditure (CAPEX) - Commence execution of Field Development Plan - Rig mobilisation and commencement of drilling of first new production well - Procurement to support FDP execution sequence. 2. Commence EPC contracts - EPC for Organic Rankine Cycle geothermal renewable energy plant, cooling tower, 110kV substation and pipeline - Limited notice to proceed contracts for Lithium Extraction Plant and Central Lithium Plant. 3. Other execution CAPEX - Commitment to key supply agreements - Acquisition of land and site establishment - Completion of integrated pipeline loop - Purchase price for geox acquisition - Engineering costs. 4. Operating expenditure [/QUOTE]

Verification