Cordiant purchases $12.5m participation in IFC loan to Dewan Petroleum

In June 2007, Cordiant signed a $12.5m B loan with IFC for Dewan Petroeum, a junior oil & gas exploration and production company based in Pakistan. The Project involves the development of the Salsabil gas and condensate field in the Safed Koh block in Punjab as well as further exploration investments in Safed Koh. More information on this project can be found in the Project Summary on the IFC website: Dewan Petroleum