Tuesday, October 30, 2018 8:44:56 PM
Delfin is likely going to follow through with the project because they have a golden ticket right now and a lead on their competitors. how they'll move forward is anyone's guess. in the event of using the shell, a r/s is pretty certain. there's many ways they can achieve this without harming their stake.
they already own the pipelines they need, the permit, and are working on an FID for the ships and platforms. i imagine if anything were to happen we'd hear something about it by March latest. good thing about that timing is next April we'd be able to inquire into the tax value of Delfin again because they have to update annually. this would give us a good idea of what kind of funds they've raised and what kind of assets they're holding at that point.
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