23rd Dec 2022 19:24
Vaalco Energy Inc - Houston, Texas-based oil and natural gas company focusing on west and north Africa and western Canada - Says its indirect wholly-owned subsidiary TransGlobe Energy Corp terminates lending facility with ATB Financial regarding TransGlobe Energy's revolving Canadian reserves-based lending facility. As of June 4, borrowing base was set at CAD22.5 million, GBP13.7 million. Says no amounts were drawn on the revolving loan facility as of Monday. Says the termination of the facility does not affect Vaalco Energy's USD50.0 million senior secured reserve-based revolving credit facility with Glencore Energy UK Ltd, which remains in force as of Friday.
Current stock price: 414.50 pence
12-month change: up 38%
By Greg Rosenvinge, Alliance News reporter
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