Brief: Bengal Energy Announces Credit Facility Amendment And 2019 Drilling Program Update

Bengal Energy

19/11/2018 13:37

Nov 19 (Reuters) - Bengal Energy Ltd  BNG.TO :
    * BENGAL ENERGY ANNOUNCES CREDIT FACILITY AMENDMENT AND 2019
DRILLING PROGRAM UPDATE
    * BENGAL ENERGY LTD -  ENTERED INTO AN AMENDMENT TO ITS
SECURED
CREDIT FACILITY WITH AUSTRALIAN BASED WESTPAC INSTITUTIONAL BANK
    * BENGAL ENERGY LTD - PURSUANT TO AMENDMENT, CREDIT FACILITY
HAS A
NEW MATURITY DATE OF FEBRUARY 15, 2020
    * BENGAL ENERGY LTD - WILL NOW BE REQUIRED TO MAKE A SINGLE
PRINCIPAL REPAYMENT OF US$12.5 MILLION ON NEW MATURITY DATE
    * BENGAL ENERGY LTD - IN  2019, WILL CONTINUE TO HEDGE ABOUT
50%
OF ITS CRUDE OIL PRODUCTION AS REQUIRED UNDER CREDIT FACILITY

Source text for Eikon:  ID:nGNX8qFfS2 
Further company coverage:  BNG.TO 

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