Earlier, on 01 November 2014, the Company has announced that given the significant uncertainty associated with the carrying value of USD 192 million relating to PY-1 Asset and the existing cash flow from PY-1 being unable to service the outstanding external commercial borrowing (ECBs), the lender, Eni Lasmo had expressed its intention inter alia to waive all repayments of principal and other amounts outstanding (except for interest) that are payable with respect to the External Commercial Borrowings (ECBs) under the Loan Agreements with Eni Lasmo.