Ezra

Ezra: The O&M group released its presentation slides for its informal meeting with Noteholders this morning. This is related to its $150m notes due Apr 2018.In light of its own liquidity crunch, and that of the its associate Perisak Petroleum, it is requesting noteholders to waive the financial covenants.For those who provides an early consent (by 2 Nov), they will receive a fee equal to 0.1% of principal amount (i.e: $250 for every $250,000). otherwise, noteholders may receive a 0.05% fee ($125 for every $250,000).Note that the noteholders will vote on the decision on 9 Nov.