Under the terms of the settlement, Rialto will pay Vantage an amount equal to 75 days of operating rate, being US$12.375 million in aggregate.

Shares of Rialto Energy (LON: RIA) opened at 4.779 on Tuesday. Rialto Energy has a 52 week low of GBX 3.345 and a 52 week high of GBX 26.70.

As part of Rialto's recently announced transaction with Vitol S.A. ("Vitol"), the security has been provided through a facility provided by Vitol.

In return for providing the facility Vitol will receive a 20% interest in Rialto Energy (Ghana) Limited, which will hold the 12.5% stake in Accra.

Top oil trader Vitol has taken stakes in oil and gas explorer Rialto Energy Ltd's West African assets to improve access to energy supplies.

Subject to regulatory and joint venture partner approval, Vitol will acquire a 20% interest in Rialto Energy (Ghana) Limited in exchange for providing a facility to cover Rialto's $7.7m obligations for the drilling of the Starfish-1 exploration well in ...

Rialto Energy (LON:RIA) - Clean-up Continues: Today's news, while never actually adding value to the Company, does alleviate one of the clouds that has been hanging over it, so is less negative.

... of Sino-Excel Energy Limited to be held at Minter Ellison, Level 23 Rialto North Tower, 525 Collins Street, Melbourne Victoria 3000 Australia on Friday, 31 May 2013 at 10.30am (Melbourne time) and at any adjournment or postponement of that Meeting.

WHERE: Star Plaza Theatre, Interstate 65 and U.S. 30, Merrillville, Akoo Theatre, 5400 N. River Road, Rosemont; Rialto Square Theatre, 102 N. Chicago St., Joliet.

They admit the discoveries are "encouraging" but they think the impact on valuations is "limited". ... The deal means Rialto will retain its exposure to the Starfish-1 well in Ghana that is expected, according to the operator Ophir Energy, to spud in ...