Risk Factors Update Summary
- Oil prices fell from $68.14 to $77.58 per barrel in 2023, impacting exploration and production activity.
- New credit facility of $265.0 million was secured in January 2024 for Arkansas bromine project.
- Inflation increased in 2021, 2022, and 2023, raising costs and potentially impacting profitability.
- Impairments and charges of $394 million were recorded in 2023 for certain assets.
- Investment value changed from $8 million to $5 million due to CSI Compressco acquisition.
- Changes in bromine resources assessment may impact lithium and bromine production success.
- $6.1 million investment in CarbonFree was revalued to $6.9 million in 2023.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=844965&owner=exclude
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