This is what I was referring too, but I think you'll find it may...

This is what I was referring too, but I think you'll find it may not be related to your questions anyway?


Empire to refinance ERM debt and welcomes new funding partner, Viburnum

 Empire has executed a non-binding term sheet to secure approximately A$15m in funding to refinance the ERM Power debt obligation maturing in August 2016
 Empire welcomes Viburnum Funds Pty Ltd as a new funding partner
 New funding package comprises a secured loan facility and unlisted options

Oil and gas producer Empire Oil and Gas NL (“Empire”, ASX: EGO) is pleased to announce that it has executed a non-binding term sheet with Viburnum Funds Pty Ltd (“Viburnum”), for Viburnum to provide a A$15m secured loan facility. If completed, the funds provided under the loan will be used to repay Empire’s existing loan obligation to ERM Power Ltd (“ERM”) due to mature in August 2016. The key terms of the proposed financing are contained in Appendix A.

Empire is delighted to welcome Viburnum, a specialist advisor and investment manager with expertise in strategic equity investments based in Perth, Australia. Viburnum manages a number of funds for family offices, institutional investors and other third party investors.

Tony Iannello, Non-Executive Chairman of Empire, said: “The funding partnership with Viburnum represents a strong endorsement of the strategy and growth prospects of Empire. The partnership will allow Empire to further grow its operations and assess strategic opportunities in the Perth Basin.”

Craig Coleman, Executive Chairman of Viburnum, added: “Viburnum is very pleased to provide its support to Empire. We view Empire as an exciting investment opportunity within the highly strategic Perth Basin, given the experience of its team and strength of its existing operations. We look forward to helping Empire achieve its long-term growth potential.”

Vesparum Capital is acting as financial adviser to Empire on the transaction.

The funding package remains subject to final documentation and due diligence.

Yours sincerely

For Empire Oil & Gas NL


- Stay Frosty.