Pryme placement

PRYME Oil and Gas has secured a $US100 million ($A95.6 million) term loan facility with Macquarie Bank to fund its share of exploration and development costs for the Turner Bayou project in Louisiana, US

22 August 2012
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Macquarie also provided a $US5 million bridge loan facility that will allow Pryme to fund its share of the next Turner Bayou Austin Chalk well, the Rosewood Plantation 21H.

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