- 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.
InterOil: Negotiations with Exxon continue; receives $75M in financing
Aug 19 2013, 07:58 ET