The Canadian energy company operating in T&T, Touchstone Exploration, has entered into an agreement with its existing Trinidad-based lender for an increase in borrowing capacity by US$13 million.
A statement from the company yesterday said the parties are currently documenting an amended and restated bank loan agreement and related security registrations, following which the additional credit capacity will become effective.
It explained that the parties are currently documenting an amended and restated bank loan agreement and related security registrations, following which the additional credit capacity will become effective.
Touchstone Exploration Inc (LON:TXP) is a Canadian-based, international upstream oil and gas company currently active in the Republic of Trinidad and Tobago. Primera Oil and Gas is the Trinidadian subsidiary of Touchstone.
