Austral Pacific Energy Amends Loan Facility
Austral Pacific Energy Ltd. said that it has agreed with its loan facility provider, Investec Bank (Australia) Ltd, to further restructure the facility.
Under the agreement with Investec, the maturity date for the current facility has now been extended to the 28th of February. The Bank and Austral will use this period to work toward a fundamental restructure of the company and further restructuring of the loan facility.
Austral Pacific Energy Ltd. is a listed junior explorer engaged in oil and gas exploration and production. Austral Pacific’s shares trade on stock exchanges in Canada and New Zealand.
