Nov 1 (Reuters) - AJ Lucas Group Ltd AJL.AX
* received letters from both its major shareholder kerogen investments no.1 (hk) limited and its senior debt provider ocp asia
* letters waiving and amending certain conditions in finance facility agreements
* ocp has consented to allow company to draw down second tranche of us$20 million to be used to fund lancashire exploration assets.
* kerogen has agreed to provide sub-underwriting support should company choose to accept, in aggregate of not less than us$25 million.
* remaining condition under ocp and kerogen finance facilities requires aj lucas to raise a minimum of us$30 million of new equity
* proceeds from new equity will be used in part to repay minimum of us$25 million of kerogen tranche 1 facility Source text for Eikon: ID:nASX5fJ1Ts Further company coverage: AJL.AX