LUXEMBOURG, Oct. 8, 2013 /CNW/ - Expert Petroleum Holdings S.a.r.l.
("Expert Petroleum" or the "Company"), a private upstream oil and gas
company focused on redeveloping and rehabilitating mature oil and gas
fields, is pleased to announce that it has completed an agreement to
establish a debt facility for US$8.0 million with a private European
bank. The debt facility was principally established to finance part of
Expert Petroleum's capital expenditures.
Black Spruce Merchant Capital Corp. ("Black Spruce"), a private merchant
banking firm focused on providing specialized financing and advisory
services to the global energy industry, acted as sole financial adviser
to Expert Petroleum in securing the debt facility.
About Expert Petroleum
Expert Petroleum is an innovative upstream oil and gas company that
redevelops and rehabilitates mature oil and gas fields through direct
license ownership or in partnership with companies in need of
personnel, expertise, or capital. Expert Petroleum is currently
focused on Romania where it was awarded a production enhancement
contract with a leading regional NOC in late 2012. Expert is assessing
multiple new production enhancement contract opportunities. Expert
Petroleum is a Lime Rock Partners portfolio company.
About Black Spruce
Black Spruce is a private merchant banking firm focused on providing
specialized financing and advisory services to the global energy
industry. Our award-winning principals have a history of achieving
success for clients based on high-level industry focus, strong industry
relationships and innovative transaction skills. Offering advice in
project, corporate and credit syndication; equity-linked financings;
mergers and acquisitions; and strategic business development.
SOURCE: Black Spruce Merchant Capital Corp.
For further information:
Expert Petroleum S.a.r.l.
13-15 Avenue de la Liberté
Black Spruce Merchant Capital Corp.
Sonny Mottahed - Managing Partner