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Vaalco Energy Inc - Houston, Texas-based oil and natural gas company focusing on west and north Africa and western Canada - Says its indirect wholly-owned subsidiary TransGlobe Energy Corp terminates lending facility with ATB Financial regarding TransGlobe Energy’s revolving Canadian reserves-based lending facility. As of June 4, borrowing base was set at C$22.5 million, £13.7 million. Says no amounts were drawn on the revolving loan facility as of Monday. Says the termination of the facility does not affect Vaalco Energy’s $50.0 million senior secured reserve-based revolving credit facility with Glencore Energy UK Ltd, which remains in force as of Friday.
Current stock price: 414.50 pence
12-month change: up 38%
By Greg Rosenvinge, Alliance News reporter
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