loan facility

Further to the announcement made on 5 April 2013, International Petroleum Limited (International Petroleum or the Company), advises its shareholders that it has not yet received the  US$15million loan funds from the unrelated third party pursuant to the loan facility (Loan). The Company is in discussions with the lender in respect …

International Petroleum Limited, an oil and gas exploration and production company with assets in Russia and Kazakhstan, is pleased to announce that it has secured an additional US$2 million convertible loan facility from Varesona Participation Corporation, an entity controlled by Frank Timis, a non-executive director, to fund exploration expenditure and …