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Cox Hallett Wilkinson (“CHW”) has advised Petro Andina Resources Ltd. (“PARL”), acting through its Argentinean branch, in relation to the Bermuda aspects of a US$100,000,000 secured debt financing provided by Macquarie Bank Limited.
Jonathan Betts, who led the CHW team advising PARL, commented “PARL is the Bermuda subsidiary of Petro Andina Resources Inc., a privately owned Canadian exploration and production company, and CHW has been its Bermuda legal adviser for a number of years. We are very pleased to have assisted the company with putting this financing in place through its Argentinean branch, the proceeds of which will be used to fund the ongoing development of oil and gas concessions in Argentina”.
For further information please contact Jonathan on 001 441 294 1544 or email jbetts@chw.com
Notes to Editors:
Petro Andina, which is headquartered in Calgary, Canada, is engaged in the exploration for and development and production of oil and natural gas in Argentina and, to a lesser extent, Canada.
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