24th Jun 2015 06:59
LONDON (Alliance News) - 88 Energy Ltd on Wednesday said it has secured a USD50 million funding facility from Bank of America.
The funding will be provided, based on securing approval from the lender, to back specific projects 88 Energy undertakes.
"It is an exceptional opportunity for 88 Energy to have engaged with a global corporation of the calibre of Bank of America. We are confident of progressing through the due diligence required to close the debt facility in a timely manner as the spud date for the Icewine #1 well approaches," said Managing Director Dave Wall.
By Sam Unsted; [email protected]; @SamUAtAlliance
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