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KGAN CBS 2 News 10 September 9, 2016

You can see a friend to the south of us in a disturbance coming up in another one coming from the north and will emerge over the midwest. That brings class to the area. On our predictor there could be a few showers by morning. Should have breaks for dry weather during the day and some additional showers tomorrow evening. With High School Football there is a chance that some of those games could see some wet weather. Lisa temperatures will be miles around 73. We will have the rest of the forecast in a few minutes. University of iowa students now have the option to step up to the challenge of being a police officer. Every year the police hires students to work along them to keep the campus safe. This year they are expanding his duties. Dora miller joins us with the plan to this school year. If a parttime gig with full time responsibilities. Enforcement. A Police Officers ....

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Fitch Rates Seplat's New Notes Final 'B-'


Domestic gas prices of about USD2.9/mcf on average until 2024
Upstream production ramping up to above 60kboe/d in 2023
Dividends of about USD59 million a year up to 2024
Fitch’s Key Assumptions for Recovery Analysis:
The recovery analysis assumes that Seplat would be reorganised as a going-concern (GC) in bankruptcy rather than liquidated.
Seplat’s post-reorganisation, going-concern EBITDA is estimated at around USD223 million, based on the current asset base. A drop in EBITDA to the going-concern level reflects risks associated with hydrocarbon price volatility, potential unplanned downtime and other adverse factors
We have applied a distressed enterprise value (EV)/EBITDA multiple of 4.5x to calculate a going-concern EV, reflecting a mid-cycle multiple for the natural resources sector in the EMEA region and the risks associated with the operating environment in the country of operation. ....

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