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2 April 2020

THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATIONS (EU) NO. 596/2014 ("MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA REGULATORY INFORMATION SERVICE ("RIS"), THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.



COMPLETION OF DEBT RESTRUCTURE AND RRTL SALE



Star Phoenix (AIM: STA), an international company with oilfield services business in Trinidad and oil and gas interest in Indonesia, is pleased to announce that the sale of Range Resources Trinidad Limited ("RRTL") to LandOcean Energy Services Co., Ltd. ("LandOcean") has completed (the "Transaction").

Following completion of the Transaction, all of the Company's debt and payables (US$95.1 million as at 31 March 2020) to LandOcean have been offset and repaid, and all debt agreements with LandOcean have been terminated.
 
aus der Diskussion: Diskussion zu Range Resources Oil und Gas Produzent
Autor (Datum des Eintrages): TecDax  (02.04.20 14:19:10)
Beitrag: 4,896 von 4,916 (ID:63214260)
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