Holds 16.75% of the "tamar" gas resevoir.
Tamar Petroleum still owns a strong core asset and export infrastructure that is moving forward, but after the refinancing the story has shifted from the maturity wall to financial cushion: can new capacity turn into cash quickly enough to support both high leverage and a large…
Tamar Petroleum's refinancing removed Bond B from the story, but it did not create new capital freedom. After a $300 million draw, a roughly $313 million early redemption, and a $100 million dividend, the cash cushion still looks minimal in the generous reading and much thinner…
Tamar's production expansion is moving faster than monetization: the upstream side is nearly ready, but incremental cash still depends on FAJR, Nitzana, and the conversion of approved export volumes into actual flow.
