Dec 16 (Reuters) - Abilene Oil and Gas Ltd ABL.AX :
* Abilene secures final acreage option in cku project ABL.AX
* Says entered into separate loan agreements with certain related parties of the company
* Cost for the company in agreeing to this final option payment is US$777,458"
* Says funds lent to the company will be used to exercise the final option in relation to the cku
* Source text for Eikon ID:nASX5qWVz1