IF Bluff proves 550MBO then I would assume SSN would get credit for 1P PDNP for its NRI (is it 100%?). Won't get 1P PDP until it is exactly that. And you'll get some 1P PUD depending on reservoir properties AND SSN's ability to demonstrate economic development within 5 years. No free lunches.
Are you sure you want an exponential increase in the BB? (and consequent finance costs).
Besides you have to (eventually) pay it back, just like the $19M drawn at present that has been "sunk" (leaving aside the equity capital). I guess that's why its also called Revolving Credit.
SSN Price at posting:
0.7¢ Sentiment: None Disclosure: Not Held