Caza Oil & Gas has secured a further extension on its financing arrangement with Apollo Investment Corporation.
The company entered into a Note Purchase Agreement two years ago when Apollo agreed to purchase up to $50million of it senior secured notes.
In September it was revealed the balance of the Note Purchase Agreement remained at $45million and although expected to comply with certain financial requirements, Caza was found to not be in full compliance.
KMG EP has strengthened its leadership team with the appointment of a new chief executive.
Kurmangazy Iskaziev was previously the boss of JSC Embamunaigas, (EMG) one of the core production assets of the company.