Untitled Document
Untitled Document

WHL Energy raises $2.9M to fund current activities

WHL Energy Ltd.

WHL Energy Ltd. has completed a financing agreement to raise $2.9 million (AUD 3.2 million).

The capital raised via the cash advance term loan facility will be utilized to fund WHL Energy’s ongoing activities, including the current interpretation of 3D seismic data acquired over the VIC/P67 La Bella permit, offshore Victoria, and potential corporate transactions.

The competitive short-term financing solution has been arranged by Argonaut Equity Partners. WHL Energy expects to repay the facility from proceeds to be received from Tap Oil under the firm Seismic Option and Farmout Agreement due March 31, 2015. WHL Energy also has the option to repay the facility prior to that date if it elects.

Related Articles

Triangle Petroleum to offer $350M senior notes

07/10/2014 Triangle Petroleum Corp. reports that Triangle USA Petroleum Corp., the company's wholly owned E&P subsidiary, intends to offer $350 million in aggregate principal amount of senior notes due 20...

Seadrill refinances three ultra-deepwater units

07/10/2014 Seadrill Ltd. has received commitments from 17 banks for a $1.35 billion credit facility with a five-year term and 10-year amortization profile to refinance the credit facilities secured by the Wes...

ONGC Videsh raises $2.2B to refinance Rovuma Area 1 acquisitions

07/09/2014

ONGC Videsh Ltd., the wholly owned subsidiary of Oil and Natural Gas Corp. Ltd., has priced $1.5 billion and €525 million unsecured bonds in the international capital markets.

Paragon Offshore plans $1.185B private placement of senior notes

07/08/2014 Paragon Offshore Ltd. (to be converted to Paragon Offshore plc), in preparation for its spin-off from Noble Corp., intends to offer for sale $1.185 billion in aggregate principal amount of senior u...

Paragon Offshore arranges debt financing for spin-off from Noble

07/07/2014 Noble Corp. reports that Paragon Offshore Ltd., its wholly owned subsidiary, is beginning the process of raising external financing in preparation for the spin-off of Paragon Offshore in the third ...

More Oil & Gas Financial Articles

Triangle Petroleum to offer $350M senior notes

Thu, Jul 10, 2014

Triangle Petroleum Corp. reports that Triangle USA Petroleum Corp., the company's wholly owned E&P subsidiary, intends to offer $350 million in aggregate principal amount of senior notes due 2022 in a private placement to eligible investors.

Seadrill refinances three ultra-deepwater units

Thu, Jul 10, 2014

Seadrill Ltd. has received commitments from 17 banks for a $1.35 billion credit facility with a five-year term and 10-year amortization profile to refinance the credit facilities secured by the West Pegasus, West Gemini, and West Orion.

ONGC Videsh raises $2.2B to refinance Rovuma Area 1 acquisitions

Wed, Jul 9, 2014

ONGC Videsh Ltd., the wholly owned subsidiary of Oil and Natural Gas Corp. Ltd., has priced $1.5 billion and €525 million unsecured bonds in the international capital markets.

Paragon Offshore plans $1.185B private placement of senior notes

Tue, Jul 8, 2014

Paragon Offshore Ltd. (to be converted to Paragon Offshore plc), in preparation for its spin-off from Noble Corp., intends to offer for sale $1.185 billion in aggregate principal amount of senior unsecured notes due 2022 and 2024 in a private offering. 

Paragon Offshore arranges debt financing for spin-off from Noble

Mon, Jul 7, 2014

Noble Corp. reports that Paragon Offshore Ltd., its wholly owned subsidiary, is beginning the process of raising external financing in preparation for the spin-off of Paragon Offshore in the third quarter of 2014. 

Most Popular

Oil & Gas Jobs

Search More Job Listings >>
Subscribe to OGFJ