LONDON (Alliance News) - Circle Oil PLC Friday said that the International Finance Corp has agreed to extend the redetermination and any repayments due under its reserve-based lending facility until July 22.
It has indicated its willingness to consider further waivers as may be required.
The company reiterated that its financial position remains under "significant pressure". It will provide a further update on its financial position and its strategic results with its annual results, to be published before the end of June.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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