Australia: Clayton Utz advises Nido Petroleum on $US30 million facility
Last Updated: 21 July 2012

Perth, 20 July 2012: Clayton Utz has advised Nido Petroleum Limited and its subsidiaries on its senior secured borrowing base facility of up to $US30 million provided by Standard Bank.

Clayton Utz Banking partner Rohan Mishra led the firm's team, which included senior associate Kate Casellas and lawyer Amanda Bedford.

The facility will fund a significant portion of Nido Petroleum Limited's share of funding for the Galoc oil field Phase II development, located in the offshore North West Palawan Basin in the Philippines.

Lead partner Rohan Mishra said the transaction reflected the ability of oil and gas exploration and production companies to secure funding on attractive terms for projects, despite the current uncertain market conditions for financing.

To print this article, all you need is to be registered on Mondaq.com.

Click to Login as an existing user or Register so you can print this article.

 
Some comments from our readers…
“The articles are extremely timely and highly applicable”
“I often find critical information not available elsewhere”
“As in-house counsel, Mondaq’s service is of great value”

Press Releases from this Firm
Recent Content from this Firm
By Dean Gerakiteys
By Frank Bannon
By Tosin Aro, Mark Geritz
By Meg McKechnie
By Sergio Capelli
By David Foong, Ken Ooi, Samy Mansour, Brad Vann
By Chris Boge, Daniel Maroske
By Luke Buchanan, Hayden Fielder
By Claire Smith, Lauren Smith
By Michael Richardson, Tim Jones, Anna Trevor
Tools
Print
Font Size:
Translation
Channels