Exillon Energy, an oil producer focused on northern Russia, has agreed a new $100m loan facility with Credit Suisse.
The facility is double the size of the company's previous credit line and is at a better, although undisclosed, interest rate.
The final maturity of the loan is five years.
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Exillon says the money will be used to finance drilling and infrastructure work at its two main sites in Timan-Pechora and West Siberia.
Over the past 12 months the stock has dropped 29%. Today's news saw Exillon shares rise 0.25%.
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