Brief: Africa Oil Announces Favorable Prime RBL Redetermination

Meren Energy

01/10/2020 09:43

Oct 1 (Reuters) - Africa Oil Corp  AOI.TO :
    * ANNOUNCES FAVORABLE PRIME RBL REDETERMINATION
    * SEPTEMBER REDETERMINATION OF PRIME RBL HAS BEEN APPROVED
BY
BANKING SYNDICATE WITH TOTAL PRINCIPAL AMORTISATION FOR 2020 OF
US$522 MILLION
    * THIS IS US$108 MILLION LESS THAN MANAGEMENT'S INITIAL
GUIDANCE
OF US$630 MILLION AS ANNOUNCED ON FEBRUARY 25(TH), 2020

Source text for Eikon:  ID:nCNWFZgp1a 
Further company coverage:  AOI.TO 

 ((Reuters.Briefs@thomsonreuters.com;))