RE: CYPS10 Jun 2019 10:52
Well this looks like the end of the road ! Copy of email I received today.
"Creditors under credit agreements with Legacy Texas Bank and Melody Business Finance have demanded acceleration of Matra’s US subsidiaries’ obligations and notified these companies that all debt, in total at least USD 73.6 million, is due and immediately payable to the creditors.
The creditors have further requested that collateral for the loans is sold at forelosure sales on July 2, 2019. The collateral includes essentially all Matra Petroleum’s oil and gas assets.
Matra Petroleum’s U.S subsidiaries have not secured refinancing, are considering liquidation options, and will take action in accordance with relevant insolvency legislation in the USA."
For further information please contact:
Maxim Barskiy, CEO, Matra Petroleum AB
Tel.: +46 8 611 49 95