RE:Debt ReductionDebt reduction details are discussed in the PEA Debt thread running at the same time.
Counting what they paid off in Q1, there was $190million to go. (It started at $206m 3.5 years ago).
As you will see noname99 asked them about the rest of the year, and they are talking about paying off something in the neihbourhood of $15m in 3 quarters.
No surprise. Prices are back where they were when PEA could not even pay all the interest and was growing the APs... and all that nice hedging is expiring.
If they had realistic financing options they would be talking it up.
The regulator cannot approve the licence transfer until at least months after Shell and Pieriidae apply for that again. You get one guess why they have not reapplied yet.