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Pin to quick picksIndus Gas Regulatory News (INDI)

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Completion of Debt Facility

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:

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

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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