Brief: Tag Oil Secures Revolving Credit Facility To Pursue Low-Risk, High Netback Production Opportunities
19/04/2018 14:07
April 19 (Reuters) - TAG Oil Ltd TAO.TO :
* TAG OIL SECURES REVOLVING CREDIT FACILITY TO PURSUE
LOW-RISK,
HIGH NETBACK PRODUCTION OPPORTUNITIES
* TAG OIL LTD - SECURED REVOLVING CREDIT FACILITY OF UP TO
US$10
MILLION
* TAG OIL LTD - REVOLVING CREDIT FACILITY HAS BEEN PUT INTO
PLACE
FOR AN INITIAL PERIOD OF 12 MONTHS
* TAG OIL LTD - FACILITY CAN BE DRAWN BY TAG OIL UPON
REQUEST,
WITH BALANCES CHARGED AT AN INTEREST RATE OF LIBOR + 3.0% PER
ANNUM
Source text for Eikon: ID:nCNWY1v8Ba
Further company coverage: TAO.TO
((Reuters.Briefs@thomsonreuters.com;))
Recent news on TAG Oil
See all newsBrief: Tag Oil Closes The Sale Of Its New Zealand Royalty Interests
Brief: TAG Oil Signs Definitive Agreement To Sell Its New Zealand Royalty Interests
Brief: TAG Oil Provides Update On Corporate Initiatives
Brief: Tag Oil Ltd Abdel Badwi Has Been Appointed As Executive Chairman And CEO
Brief: TAG Oil Announces Closing of Public Offering to Strategically Advance Unconventional and Conventional Opportunities in Egypt