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Monday, Aug 19
InterOil: Negotiations with Exxon continue; receives $75M in financing
- Negotiations with Exxon (XOM) over the Elk-Antelope fields are ongoing despite the lapse in the exclusivity arrangement, says InterOil (IOC).
- The company also inks a $75M secured loan facility to finance exploration and drilling activities, receiving $37.5M immediately and another $37.5M once a deal is sealed over the Elk-Antelope assets.
- Source: Press release.