11 Dec 2015
ROCK ENERGY (RE) ANNOUNCES NEW CREDIT FACILITIES, CALLS SPECIAL MEETING OF SHAREHOLDERS
Impact: Slightly positive, as despite given the minor reduction to the credit facilities, with a new lead lender and largely affirmed borrowing capacity, we estimate Rock will stay well within this facility through 2016e on strip pricing and prior capital investment assumptions which will remove a potential uncertainty in the market.
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ROCK ENERGY (RE) ANNOUNCES NEW CREDIT FACILITIES, CALLS SPECIAL MEETING OF SHAREHOLDERS
R.E.A. Holdings plc (RE:LON) | 65.8 0 0.0% | Mkt Cap: 28.8m
- Published:
11 Dec 2015 -
Author:
Robert Fitzmartyn -
Pages:
2
Impact: Slightly positive, as despite given the minor reduction to the credit facilities, with a new lead lender and largely affirmed borrowing capacity, we estimate Rock will stay well within this facility through 2016e on strip pricing and prior capital investment assumptions which will remove a potential uncertainty in the market.