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$50 Million Loan Facility

26 Apr 2007 07:03

Fortune Oil PLC26 April 2007 26 APRIL 2007 FORTUNE OIL PLC ("Fortune Oil" or "the Company") New US$50 Million Loan Facility Fortune Oil is pleased to announce the signing of a US$50 million loan facilityfor Fortune Oil PRC Holdings Limited, the Company's principal holding company inHong Kong. The facility is a dual currency (US dollars and Hong Kong dollars)term loan with a term of 3 years and a margin of 1.1% above LIBOR or HIBOR. Thecovenants are standard for this type of syndicated loan and the facility isguaranteed by Fortune Oil PLC. The Mandated Lead Arrangers are Industrial and Commercial International CapitalLtd (ICIC) and Oversea-Chinese Banking Corporation Limited (OCBC) with OCBC HongKong Branch as Agent. A total of 18 international and regional banksparticipated in the transaction. The facility size was over-subscribed to US$50million. The proceeds will be used to finance Fortune Oil's investment requirements inthe China energy sector. This will include further development of the LiulinCBM block, new opportunities in relation to the recovery and utilisation ofmethane gas in Shanxi Province, new downstream gas projects and acquisitions,and new investments in the supply of refined products. ENQUIRIES: Fortune Oil PLCJohn Pexton - Deputy Chief Executive Tel: 00 852 2583 3113 (Hong Kong) Pelham Public RelationsArchie Berens Tel: 020 7743 6679 or 07802 442 486 Alex Walters Tel: 020 3170 7435 This information is provided by RNS The company news service from the London Stock Exchange
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Date   Source Headline
31st Oct 20137:00 amRNSTotal Voting Rights
30th Oct 20134:35 pmRNSPrice Monitoring Extension
18th Oct 20137:00 amRNSUS$300 million Loan Facility
9th Oct 20137:00 amRNSHolding(s) in Company
9th Oct 20137:00 amRNSHolding(s) in Company
9th Oct 20137:00 amRNSHolding(s) in Company
9th Oct 20137:00 amRNSHolding(s) in Company
9th Oct 20137:00 amRNSHolding(s) in Company
3rd Oct 20138:00 amRNSTotal Voting Rights / Details of Special Dividend
1st Oct 20137:00 amRNSExtension of Long Stop Date
30th Sep 20137:00 amRNSPublication of Prospectus
25th Sep 201312:40 pmRNSResult of General Meeting
19th Sep 20137:00 amRNSPosting of Half Year Report
9th Sep 20137:00 amRNSPosting of Circular and Notice of General Meeting
21st Aug 20137:00 amRNSHalf Yearly Report
12th Aug 20137:00 amRNSRegulatory Approval for FGIH Transaction
7th Aug 201312:16 pmRNSProposed Acquisition and Loan Settlement
27th Jun 20131:35 pmRNSExtension of Final Date for MOFCOM Consent
20th Jun 20135:30 pmRNSLTIP Announcement
18th Jun 20133:10 pmRNSResult of AGM
17th May 20137:01 amRNSInterim Management Statement
15th May 201312:00 pmRNSNotice of Annual General Meeting
14th May 20131:12 pmRNSHolding(s) in Company
25th Apr 20138:38 amRNS2012 Annual Report
25th Apr 20137:00 amRNSFinal Results
15th Apr 20131:47 pmRNSAcquisition of China Gas shares from Fortune Max
25th Mar 20137:00 amRNSNotification of Major Interest in Shares
22nd Mar 20134:40 pmRNSSecond Price Monitoring Extn
22nd Mar 20134:35 pmRNSPrice Monitoring Extension
20th Mar 20137:00 amRNSTransfer of listing category on the Official List
22nd Feb 20132:30 pmRNSAdministrative changes to the Company's LTIP
20th Feb 20134:20 pmRNSDirector/PDMR Shareholding
19th Feb 201312:40 pmRNSResult of General Meeting
12th Feb 20137:00 amRNSRe Proposed Disposal of Natural Gas Business
5th Feb 201311:15 amRNSDirector/PDMR Shareholding
4th Feb 20137:00 amRNSPosting of Circular Re Proposed Disposal
21st Jan 20134:53 pmRNSDirector/PDMR Shareholding
16th Jan 20138:08 amRNSRe Proposed Disposal of Natural Gas Business
17th Dec 20128:17 amRNSProposed US$400m disposal of Natural Gas Business
17th Dec 20127:00 amRNSHolding(s) in Company
19th Nov 20127:00 amRNSInterim Management Statement
12th Oct 201211:30 amRNSIssue of Equity
17th Sep 20124:20 pmRNS2012 Printed Half Year Report
7th Sep 20124:35 pmRNSPrice Monitoring Extension
5th Sep 20127:00 amRNSLiulin Coal Bed Methane Update
23rd Aug 20127:00 amRNSHalf Year Report for the 6 months ended 30 June 12
3rd Aug 201210:31 amRNSPurchase of Additional China Gas Shares
10th Jul 20124:40 pmRNSSecond Price Monitoring Extn
10th Jul 20124:35 pmRNSPrice Monitoring Extension
6th Jul 201211:57 amRNSPurchase of Additional China Gas Shares
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