29 Mar 2010 07:00
For Immediate Release 29 March 2010
Indus Gas Limited
("Indus" or "the Company")
Completion of Debt Facility
Indus Gas Limited (AIM: INDI.L), an oil & gas exploration and development company with assets in India, is pleased to announce it has completed all legal documentation and received its first drawdown against its previously announced US$110m debt facility.
The facility, which will be for a term maturing in 2018, will be used to fund the development of the SGL field, as well as provide additional funding for other activities on Block RJ-ON/6 in Rajasthan, India.
For further information please contact:
Indus Gas Limited | | |
John Scott | CFO | +44 (0)20 7877 0022 |
| | |
Arden Partners plc | | |
Richard Day | | +44 (0)20 7614 5900 |
Adrian Trimmings | | |
| | |
Pelham Bell Pottinger | | |
Philip Dennis | | +44 (0)20 7337 1516 |
Elena Dobson | | +44 (0)20 7337 1517 |