Brief: Highpeak Energy, Inc. Announces The Closing Of A $1.2 Billion Term Loan Financing And Company Update

HighPeak Energy

15/09/2023 11:29

Highpeak Energy Inc  HPK.O :
    * HIGHPEAK ENERGY, INC. ANNOUNCES THE CLOSING OF A $1.2
BILLION
TERM LOAN FINANCING AND COMPANY UPDATE
    * HIGHPEAK ENERGY - Q3 PRODUCTION HAS CONTINUED TO AVERAGE
OVER
50,000 BOE PER DAY IN LINE WITH EXPECTATIONS
    * PLANNING ON ADDING A THIRD DRILLING RIG IN Q4
    * Q3 PRODUCTION WOULD GENERATE AN ANNUALIZED EBITDA RUN-RATE
OF
APPROXIMATELY $1.2 BILLION AT CURRENT PRICES

Source text for Eikon:  ID:nGNX7PsbYM 
Further company coverage:  HPK.O