LONDON (Thomson Financial) - Northern Petroleum Plc. said it has extended
its loan agreement with ATI Oil Plc. dated Oct. 30, 2006, by seven months and
said all funds drawn down under the terms of the facility will now become
repayable to Northern in full on or before Dec. 31, 2008.
The company said the extension has been granted to provide time for current
discussions with third parties to continue.
Northern currently has a 37.05 percent stake in ATI.
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