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AJ LUCAS GROUP LIMITED — Capital/Financing Update 2012
Sep 18, 2012
64350_rns_2012-09-18_91a94d2f-1e24-437a-88e4-58d6506e71dd.pdf
Capital/Financing Update
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19 September 2012
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ASX ANNOUNCEMENT/MEDIA RELEASE Banking Facilities Update
The Company has been advised by its Senior Financier that the maturity date for its financing facilities has been varied to 30 November 2012. The majority of these facilities relate to leases of plant and equipment.
The Company is in discussions with various other financiers to refinance these facilities.
An update regarding the status of the placement will be released shortly.
For further information please contact:
Nicholas Swan Company Secretary +61 2 9490 4127
About AJ Lucas Group Limited
Lucas is a leading provider of specialist infrastructure, construction and drilling services to the energy, water and waste water, resources and public infrastructure sectors. In particular, it is the largest supplier of drilling and gas management services to Australia’s coal industry. Other divisions provide construction and civil engineering services together with facilities management.
AJ Lucas is also a proven developer of unconventional hydrocarbon properties. Current investments include a 43% shareholding in Cuadrilla Resources, an exploration and production company focused on unconventional hydrocarbons, and a 25% direct interest in the Bowland and Weald shale basin prospects in respectively North West and South East England. Past projects successfully developed and exited include the Company’s investments in Gloucester Basin, Sydney Gas and ATP651 in Queensland’s Surat Basin.