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29 Mar 2010 07:00
RNS Number : 2983J
Indus Gas Limited
29 March 2010
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:
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Indus Gas Limited
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John Scott
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CFO
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+44 (0)20 7877 0022
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Arden Partners plc
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Richard Day
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+44 (0)20 7614 5900
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Adrian Trimmings
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Pelham Bell Pottinger
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Philip Dennis
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+44 (0)20 7337 1516
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Elena Dobson
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+44 (0)20 7337 1517
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This information is provided by RNS
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