Operational and Financing Update
https://newsweb.oslobors.no/message/630788
Financing updates
The Company has today signed an indicative term sheet with Trafigura for a US$40 million prepayment facility (the "Facility"). The Facility is in the form of a prepayment for cargoes of oil to be sold by Group companies to Trafigura under an offtake agreement to be entered into around the same time. Loans made under the Facility will mature on 31 December 2025. The Facility is subject to conditions precedent, including, among others, execution of definitive agreements and Trafigura becoming a party to the Group's intercreditor agreement with the lenders under its US$300 million credit facility.
In addition, following the Company's announcement made on 4 September 2024, the Company today signed a binding term sheet with MBD Partners SA ("MBD") for tranched minority non-operating interests in the Company's business (the "Farm-out"). Under the terms of the Farm-out, Seacrest Petroleo would sell non-operating working interests totaling 25% plus an optional 7.5% via ownership interests in newly issued shares of Seacrest Petroleo Cricare Bermuda Limited, Seacrest Petroleo's wholly owned subsidiary ("SPCBL"), for up to US$217 million, plus a further tranche directly at the asset level, subject to the parties' mutual agreement. Following completion of the Farm-out, MBD will have the option to exchange 100% of its SPCBL shares for a 25% non-operating, direct working interest in the Company's assets, including the Cricaré Cluster, the Norte Capixaba Cluster, the Terminal Norte Capixaba, and other related infrastructure and equipment. The completion of the Farm-out is subject to conditions precedent, including among others, execution of definitive agreements, and approval by the respective parties financiers and regulatory approvals.
"Erik Tiller, Chairman of Seacrest Petroleo, said: "We are pleased that after a six month process we have secured signed term sheets to provide, subject to completion, equity and working capital financing for the Company's business. The transactions we are announcing today reflect the confidence our major investors and partners have in our business, and we look forward to working with all stakeholders to complete the transactions.""
Financing updates
The Company has today signed an indicative term sheet with Trafigura for a US$40 million prepayment facility (the "Facility"). The Facility is in the form of a prepayment for cargoes of oil to be sold by Group companies to Trafigura under an offtake agreement to be entered into around the same time. Loans made under the Facility will mature on 31 December 2025. The Facility is subject to conditions precedent, including, among others, execution of definitive agreements and Trafigura becoming a party to the Group's intercreditor agreement with the lenders under its US$300 million credit facility.
In addition, following the Company's announcement made on 4 September 2024, the Company today signed a binding term sheet with MBD Partners SA ("MBD") for tranched minority non-operating interests in the Company's business (the "Farm-out"). Under the terms of the Farm-out, Seacrest Petroleo would sell non-operating working interests totaling 25% plus an optional 7.5% via ownership interests in newly issued shares of Seacrest Petroleo Cricare Bermuda Limited, Seacrest Petroleo's wholly owned subsidiary ("SPCBL"), for up to US$217 million, plus a further tranche directly at the asset level, subject to the parties' mutual agreement. Following completion of the Farm-out, MBD will have the option to exchange 100% of its SPCBL shares for a 25% non-operating, direct working interest in the Company's assets, including the Cricaré Cluster, the Norte Capixaba Cluster, the Terminal Norte Capixaba, and other related infrastructure and equipment. The completion of the Farm-out is subject to conditions precedent, including among others, execution of definitive agreements, and approval by the respective parties financiers and regulatory approvals.
"Erik Tiller, Chairman of Seacrest Petroleo, said: "We are pleased that after a six month process we have secured signed term sheets to provide, subject to completion, equity and working capital financing for the Company's business. The transactions we are announcing today reflect the confidence our major investors and partners have in our business, and we look forward to working with all stakeholders to complete the transactions.""
Redigert 30.10.2024 kl 22:53
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Kvisla
19.11.2024 kl 12:30
751
Breakeven On The Horizon For Seacrest Petroleo Bermuda Limited (OB:SEAPT)
Kan det bli en realitet ? Er lite å stole på børsmeldinger og analyser, men om de overlever kan det bli noe igjen, Ser de har avslått et bud allerede på oppkjøp.
https://simplywall.st/stocks/no/energy/ob-seapt/seacrest-petroleo-bermuda-shares/news/breakeven-on-the-horizon-for-seacrest-petroleo-bermuda-limit
Kan det bli en realitet ? Er lite å stole på børsmeldinger og analyser, men om de overlever kan det bli noe igjen, Ser de har avslått et bud allerede på oppkjøp.
https://simplywall.st/stocks/no/energy/ob-seapt/seacrest-petroleo-bermuda-shares/news/breakeven-on-the-horizon-for-seacrest-petroleo-bermuda-limit
Redigert 19.11.2024 kl 12:32
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Gullhaugen
29.11.2024 kl 14:17
578
140 millioner dollar i finansiering --mcp 80 millioner
Milde himmel for et kjøp nå.
Analytikere har pris target på 5 tallet.
Milde himmel for et kjøp nå.
Analytikere har pris target på 5 tallet.
Redigert 29.11.2024 kl 14:20
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Gullhaugen
04.02.2025 kl 13:37
327
Dette bli tidenes atomrakett . Det er verdier eiendeler for over 4 milliarder
Det finnes knapt aksjer å få tak på . Null salgsvilje.
Det finnes knapt aksjer å få tak på . Null salgsvilje.
Redigert 04.02.2025 kl 13:40
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Gullhaugen
04.02.2025 kl 13:56
308
Sorry det var 6 milliarder - Nå er børsverdien nede på 19 mill
528,5 millioner dollar.
https://e24.no/bors/nyheter/a/291109
528,5 millioner dollar.
https://e24.no/bors/nyheter/a/291109
Redigert 04.02.2025 kl 13:58
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