Talon Metals Corp says it has agreed to a 30 day extension on the maturity date of the C$6 million loan it had made to Saber Energy Corp, a CBM explorer. The original maturity date of the loan was March 24, 2009 and the loan will not be repaid on this date, the Talon said in a statement. In addition, Talon's due diligence review of Saber regarding a potential merger of the two companies remains ongoing, said the metal explorer in a statement. On Sept. 25, 2008, Talon Metals had signed a pre-merger agreement with Saber Energy to benefit from the former's expanding gas projects in southern Africa, and agreed to loan Saber up to $6 million. Talon's C$6 million loan to Saber is secured against Saber's assets which include its land licenses in Botswana and other assets, the company added.
Drillers cut nine oil rigs in the week to March 22, bringing the total count down to 824, the lowest since April 2018, Baker Hughes, a GE company (NYSE: BHGE), said in its weekly report.
The independent U.S. energy producer aims to take a final investment decision on the $20 billion project in the coming months, having signed up long-term buyers for its LNG.
Alabama. Florida, Illinois, Indiana, Kentucky, Michigan, New York, Ohio, Pennsylvania, Virginia and West Virginia