Brief: Rosehill Resources Halts All Drilling And Completion Activity For 2020

Rose Hill Acquisition

19/03/2020 22:09

March 19 (Reuters) - Rosehill Resources Inc  ROSEU.O :
    * ROSEHILL RESOURCES INC. HALTS 2020 CAPITAL ACTIVITY,
WITHDRAWS
PREVIOUS GUIDANCE AND FOCUSES ON CASH FLOW AND LIQUIDITY
    * ROSEHILL RESOURCES INC - HALTED ALL DRILLING AND
COMPLETION
ACTIVITY FOR 2020
    * ROSEHILL RESOURCES INC - 2020 GUIDANCE ISSUED ON DECEMBER
16,
2019 SHOULD NO LONGER BE RELIED UPON
    * ROSEHILL RESOURCES - FULLY DREW AMOUNT AVAILABLE UNDER
REVOLVING
CREDIT FACILITY AS A PRECAUTIONARY MEASURE IN ORDER TO INCREASE
ITS CASH POSITION
    * ROSEHILL RESOURCES - REMAINS FULLY COMPLIANT WITH ALL OF
ITS
FINANCIAL COVENANTS

Source text for Eikon:  ID:nGNX8K3Yz8 
Further company coverage:  ROSEU.O 

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