Empyrean Energy begins loan repayments - Empyrean Energy - TopicsExpress

Empyrean Energy begins loan repayments - Empyrean Energy (LON:EME), the AIM-listed American gas explorer, has paid back US$1mln of its term debt facility - the first instalment of loan repayments to Macquarie Bank. The company used cash from production to repay the loan. It cuts the amount now owed to US$9.5mln, with further drawdowns expected to fund the development of its 3% working interest in the Sugarloaf AMI [Area of Mutual Interest]. This is a shale oil, conden... ow.ly/2y2gRy

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