oil & gas assets
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Sirius signs $20MM debt facility for Ororo wells



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Sirius Petroleum plc signed an agreement for a $20 million debt facility on Jan. 28 with new investor Barak Fund SPC Ltd., which is a fund managed by Barak Fund Management Ltd. The facility will help the company pay for the first phase Ororo-2 and -3 wells in Nigeria. The company said the facility has a term of three years from the date of the first drawdown. In the event the facility is fully drawn, it would be repayable in four equal installments of......
 
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