RE:RE:Re WcpWestcanpride -
If a commercial discovery is made and validated through appraisal, Frontera/CGX should be able to establish an RBL (reserve based lending) facility to cover future development costs.
This is the same path Tullow and Kosmos took when they developed the Jubilee field offshore Ghana in 2005.
Proven reserves will eventually be added to the CGX/Frontera balance sheet and can be used as collateral to get the proper financing in place. From there it's a fairly straightforward exercise of matching future production, cash flow, etc.
Once you have proven reservoirs that contain high quality oil (highly productive wells), backed by industry leading breakevens - there are a host of quality options available for CGX/Frontera to consider.