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Heritage Oil sells Iraqi asset in cash, loan deal worth a combined US$450M

By The Canadian Press

LONDON, England – Heritage Oil Corp. (TSX:HOC.TONews) says it has raised combined proceeds of US$450 million through the sale of an asset in the Kurdistan region of Iraq.

The deal involved the sale by Heritage and its wholly owned subsidiary, Heritage Energy Middle East Ltd., of the company’s 26 per cent interest in a production sharing contract related to the Miran Block in Iraq to Genel Energy Plc.

Terms included cash of US$156 million and a US$294-million exchangeable loan provided by Genel, which Heritage has fully drawn down, the company said in a release Wednesday.

Heritage is an independent oil and gas exploration and production company with assets in Africa, the Middle East and Russia.

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Dubai Duty Free Said to Seek $1.1 Billion Through Bank Loan

Dubai Duty Free is raising a $1.1 billion loan backed by the airport retailer’s future cash earnings and hired lenders including Citigroup Inc. (C) to help with the plan, two bankers familiar with the deal said. […]

Fall in oil, ECB cash hopes support euro, European shares

LONDON (Reuters) – A fall in oil prices and the European Central Bank's looming cash boost for banks lifted the euro and shares on Wednesday, although some investors worried that the benefits of a second injection of cheap money may be short-lived. Brent crude oil futures slipped to around $123 a barrel from highs above $125.50 late last week, ending a surge that had dampened demand for other … […]

Insight – Business spending raises U.S. bank hopes

By David Henry and Rick Rothacker (Reuters) – Two-and-a-half years after the official end of the recession, businesses are starting to invest cash again, prompting bankers to hope they might start borrowing, … […]

British resort to 'loan sharks' for cash

Charities in the UK are warning of a personal debt crisis, as many in Britain take out “payday” loans to pay their bills. High interest rates are turning small debts into large debts in a hurry. […]

New Article on FastCashAdvanceOnline.com Offers Insight on Cash Advance Loans to Customers

Free Information Outlines Simple Loan Process for Borrowers(PRWEB) February 09, 2012 To help potential borrowers understand the payday loan process, FastCashAdvanceOnline.com unveils a new article entitled, “It’s Easy to Get a Fast Cash Advance Online.” This article covers the basic questions about payday loans, the uses, benefits, and risks of cash advance loans. The short-term nature of payday … […]

Same Day Payday Loan Introduces New “How it Works” Resource

Site Update Breaks Down the Cash Loan Process for New Borrowers(PRWEB) February 05, 2012 Same Day Payday Loan announces its new “How it Works” page to assist new borrowers through every step of the online payday loan process. Consumers are facing financial hardships today more than ever. This is why Same Day Payday Loan has designed an instructional page: to help those who are experiencing the … […]

SandRidge to buy Dynamic Offshore for over $1.27B

Oil and natural gas company SandRidge Energy Inc. said Wednesday that it has agreed to buy Dynamic Offshore Resources LLC for $1.27 billion in cash and stock. […]

Loan Value Group, LLC Reports 2011 Year-end Results for Incentive-based Responsible Homeowner Reward® Program

RH Reward addresses negative equity and reduces delinquency rates by 54% without the need for principal reduction(PRWEB) January 30, 2012 With more than two full years of performance results available, Loan Value Group, LLC (LVG) today announced that its Responsible Homeowner Reward® (RH Reward®) program, which provides cash awards to eligible homeowners who remain current on their mortgages … […]

USAPaydayForever.com Announces New Payday Cash Loan Website Copy

A New Set of Webpage Copy Has Been Written by USAPaydayForever.com. They Have Announced This New Copy for Their Payday Cash Loan Services Online(PRWEB) January 29, 2012 Today, USAPaydayForever.com has yet again announced that their copywriters have finished writing new material for their payday cash loan services online at their website. This is the newest batch of copy that their most recent … […]