MARKETS

Elk negotiates refinancing package and looks to cut costs

AUSTRALIA-listed midcap and mature field-focused Elk Petroleum has reached an agreement with AB Energy Opportunities Group for a refinancing package aimed at improving overall liquidity and freeing up cash flow for the year and beyond.

Paul Hunt

Elk negotiates refinancing package and looks to cut costs

Under the refinancing package, Elk has agreed to restructure the Aneth term loan, which it increased from its existing lenders to US$122 million from the original $98 million in June last year and...

Start a free trial to continue reading this article

Already have an account? Sign in here

Subscribe now

MOST POPULAR

OPERATIONS

Allseas hits key milestone in Santos Barossa pipelay project

EXPLORATION

Empire Energy raises A$46.8mn to drill in Beetaloo

OPERATIONS

High Court slams appeal court handling of CKJV vs Chevron

POLICY

Gorgon Fund to support WA decarbonisation plans

RESEARCH

Premium subscribers only

View more

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.