ELK elk petroleum limited
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News: ELK Elk Petroleum Reaches Agreement With AB Energy Opportunities Group

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    14/01/19
    11:20
    Post #: 37105751

    Jan 14 (Reuters) - Elk Petroleum Ltd (ELK) :

    • REACHED AN AGREEMENT WITH AB ENERGY OPPORTUNITIES GROUP ON A COMPREHENSIVE REFINANCING PACKAGE
    • AS PART OF REFINANCING PACKAGE, CO TO SECURE LOWER COST CONVENTIONAL RESERVE-BASED CREDIT FACILITY WHICH WILL REPLACE CURRENT FACILITY
    • UNDER PACKAGE, PARTIESTO PLAN TO EFFECT RESTRUCTURING OF ANETH TERM LOAN & EXISTING PREFERRED EQUITY HOLDINGS
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