Completion of Debt Facility

RNS Number : 2983J

Indus Gas Limited

29 March 2010

 



For Immediate Release                                                                                         29 March 2010

Indus Gas Limited

("Indus" or "the Company")

Completion of Debt Facility

Indus Gas Limited (AIM: INDI.L), an oil & gas exploration and development company with assets in India, is pleased to announce it has completed all legal documentation and received its first drawdown against its previously announced US$110m debt facility.

The facility, which will be for a term maturing in 2018, will be used to fund the development of the SGL field, as well as provide additional funding for other activities on Block RJ-ON/6 in Rajasthan, India.

For further information please contact:

Indus Gas Limited
John Scott	CFO	[phone]
Arden Partners plc
Richard Day		[phone]
Adrian Trimmings
Pelham Bell Pottinger
Philip Dennis		[phone]
Elena Dobson		[phone]

 

END

 

 

STRLLFFDVFIRFII