EnQuest has secured an US$80 mm crude prepayment for the future delivery of 1.8 mmbbl spread evenly over the next 18 months.
There is a price floor of US$45/bbl and a cap of US$64/bbl on the price that EnQuest will receive for these barrels.
In addition, EnQuest is securing a US$37.25 mm financing on Tanjong Baram to replace the existing US$11.35 mm financing.
26 Oct 2017
FLASH: Prepayment and small debt refinancing boost liquidity by over US$100 mm
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FLASH: Prepayment and small debt refinancing boost liquidity by over US$100 mm
EnQuest PLC (ENQ:LON) | 14.1 0 0.0% | Mkt Cap: 269.7m
- Published:
26 Oct 2017 -
Author:
Stephane Foucaud -
Pages:
2
EnQuest has secured an US$80 mm crude prepayment for the future delivery of 1.8 mmbbl spread evenly over the next 18 months.
There is a price floor of US$45/bbl and a cap of US$64/bbl on the price that EnQuest will receive for these barrels.
In addition, EnQuest is securing a US$37.25 mm financing on Tanjong Baram to replace the existing US$11.35 mm financing.