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BRIEF-Strike Energy Secures $28 Mln Bank Facility

Published 09/10/2020, 11:52 am
Updated 09/10/2020, 11:54 am
© Reuters.

© Reuters.

Oct 9 (Reuters) - Strike Energy Ltd STX.AX :

* SECURES $28 MILLION BANK FACILITY

* BANK FACILITY OF UP TO $28 MILLION TO FINANCE STRIKE'S PRE-DEVELOPMENT EXPENDITURE AT WEST ERREGULLA IN PERTH BASIN

* FINALISED TERMS WITH MACQUARIE BANK FOR A $28 MILLION SECURED DEBT FACILITY

* FACILITY TO COVER APPRAISAL DRILLING COSTS & ALLOW STRIKE TO SECURE LONG LEAD ITEMS FOR WEST ERREGULLA PHASE 1 GAS PLANT CONSTRUCTION

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