RusPetro plc Agreement on New Covenants (3730K)
December 30 2015 - 2:00AM
UK Regulatory
TIDMRPO
RNS Number : 3730K
RusPetro plc
30 December 2015
30 December 2015
Ruspetro plc ("Ruspetro" or the "Group")
Agreement on New Covenants for Public Joint Stock Company "Bank
Otkritie Financial Corporation" Loan Facilities
Ruspetro plc (LSE: RPO), an independent oil and gas development
and production company, with assets in the Western Siberia region
of the Russian Federation, is pleased to announce that Public Joint
Stock Company "Bank Otkritie Financial Corporation" ("BOFC") has
accepted the Group's proposal to agree new covenants for the
Groups' loan facilities, and BOFC and the Group have executed all
necessary documentation to reflect the Group's new covenant
proposal.
The loan covenants for the three credit facilities with BOFC
have been amended, in order to align the covenants with the Group's
approved business plan.
John Conlin, Chief Executive Officer of the Group,
commented:
"This is an important achievement for the Group, as it aligns
our loan covenants to the Group's drilling programme as disclosed
in the Group's half-year results statement."
About Ruspetro
Ruspetro plc is an independent oil and gas development and
production company, with assets in the Western Siberia region of
the Russian Federation. Our mission is to unlock the tight oil
reservoirs in our asset base while building a leading regional
independent E&P company in a safe and environmentally
responsible manner for the long-term benefit of our
shareholders.
Enquiries
Ruspetro plc
John Conlin, Chief Executive Officer +44 (0)20 7318 1630
Alexander Betsky, Finance Director +7 495 745 5665
Finlay Thomson, Investor Relations +44 (0)79 7624 8471
Mirabaud Securities LLP
Peter Krens +44 (0)20 7878 3362
Peel Hunt LLP
Richard Crichton +44 (0)20 7418 8900
Strand Hanson Limited (financial adviser)
Andrew Emmott +44 (0)20 7409 3494
FTI Consulting
Ben Brewerton, George Parker +44 (0)20 3727 1000
This information is provided by RNS
The company news service from the London Stock Exchange
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