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Re: PVR Stream Log
09:55 22/05/2015
JREwing
0 replies 0 0

Phoebus - if you get to read this, think Sequa have managed to burn at least $130m in Kazakhstan, split between $90m loan facility to Bolz LLP and $10m farm in cost for 75% of Aksai liocense plus $35m on drilling. Plus I think I read somewhere that they acquired the remainder of the license, so that would be extra cost. The total burn on Aksai depends on how much they advanced Bolz in 2014. But I don't think they'd be delaying the accounts for an impairment of $10m or even $30m. Check their 2013 accounts for my figures.

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