Petroceltic International PLC Senior Bank Facility Update (1090M)
18 January 2016 - 6:00PM
UK Regulatory
TIDMPCI
RNS Number : 1090M
Petroceltic International PLC
18 January 2016
Dublin
18 January 2016
Petroceltic International Plc
Senior Bank Facility Update
Petroceltic International plc (AIM: PCI) ("Petroceltic" or the
"Company"), the oil and gas exploration, development and production
company focused on North Africa, the Mediterranean and Black Sea
regions, today announces that, following the announcement by the
Company on 23 December 2015 of its strategic review, it has
received a further waiver of repayments under its Senior Bank
Facility extending to 29 January 2016.
The Company's lenders have also indicated their willingness to
consider such further waivers as may be required to continue the
strategic review process based on circumstances applying at the
time of any application.
Further announcements on the Company's financial position, and
the status of the strategic review, will be made as and when
appropriate.
Ends
For further information, please contact:
Brian O' Cathain /Tom Hickey, Petroceltic International Tel: +353 (1) 421 8300
James Henderson / Rollo Crichton-Stuart, Bell Pottinger Tel: +44 (20) 3772 2500
Douglas Keatinge / Joe Heron, Murray Consultants Tel: +353 (1) 498 0300
John Frain / Roland French, Davy Tel: +353 (1) 679 6363
The Directors of Petroceltic International plc accept
responsibility for the information contained in this announcement.
To the best of their knowledge and belief (having taken all
reasonable care to ensure that such is the case), the information
contained in this announcement is in accordance with the facts and
does not omit anything likely to affect the import of such
information.
Notes to Editors:
Petroceltic International plc is a leading Upstream Oil and Gas
Exploration and Production Company, focused on North Africa, the
Mediterranean and Black Sea regions, and listed on the London Stock
Exchange's AIM Market and the Irish Stock Exchange's ESM Market.
The Company has production, exploration and development assets in
Algeria, Egypt, Bulgaria and Italy.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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