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BRIEF-Ruspetro to offer senior secured notes to fund field development
January 25, 2013 / 7:07 AM / 5 years ago

BRIEF-Ruspetro to offer senior secured notes to fund field development

Jan 25 (Reuters) - RusPetro PLC : * Ruspetro balance sheet strengthening, funded investment plan * Expected offering of senior secured notes * Revolving facility at an initial level of US$50 million extended to the

company by sberbank * Average crude and condensate production planned for 2013 of 10,000 bo * Plans to drill 29 wells in 2013 and 48 wells in 2014 * Expected that net proceeds from the notes offering will be used primarily for

financing field development * Proposed conversion of limolines transport limited’s outstanding shareholder

loan into new ordinary shares

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