Now, the city is set to be home to the world’s first double-decker powered by hydrogen. In an announcement on Wednesday, mayor of London Sadiq Khan whose father was a bus driver in the city said that no more pure diesel double deckers would be added to London’s fleet of buses from 2018, and that all new single-decker buses used in the center of the city would be zero-emission. The hydrogen double-decker is set to be trialed on London’s roads in 2017. click here for moreAir pollution is an increasingly pressing problem in London, where buses, taxis, trucks, cars and motorbikes along with cyclists jostle for space on the roads. “I want London to become a world leader in hydrogen and electric bus technology,” Khan said in a statement on Wednesday during the International Zero-Emission Bus Conference and Summit. “I’m implementing hard-hitting measures to clean-up London’s toxic air,” he added. Authorities in London said that “at least” 20 brand new hydrogen buses would be delivered as part of a 10 million ($12.47 million) “part-EU funded project.” Discover MoreTransport for London would provide at least 5 million of funding. Air pollution is an issue across the U.K. as a whole.
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Following the completion of a registered exchange offer for the Additional Notes, they will be fungible with the existing notes and will trade under the same CUSIP number as the existing notes. Matador intends to use the net proceeds from this offering to fund the aggregate purchase price for approximately 4,600 net leasehold acres and estimated current net production of approximately 1,150 barrels of oil equivalent per day from wells producing on this acreage in Eddy and Lea Counties, New Mexico as well as approximately 475 net mineral acres in Eddy and Lea Counties, New Mexico, to fund the capital expenditures for a number of midstream initiatives in the Delaware Basin that are either in progress or that Matador expects to begin by the end of the first quarter of 2017, to repay outstanding borrowings under its revolving credit facility and for general corporate purposes, including capital expenditures associated with the addition of a fourth drilling rig. The Additional Notes have not been registered under the Securities Act or applicable state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws. The Additional Notes may be resold by the initial purchasers pursuant to Rule 144A and Regulation S under the Securities Act. This press release is being issued pursuant to Rule 135c under the Securities Act and is neither an offer to sell nor a solicitation of an offer to buy any of these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Matador Resources Company Matador is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. Its current operations are focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. Matador also operates in the Eagle Ford shale play in South Texas and the Haynesville shale and Cotton Valley plays in Northwest Louisiana and East Texas. Additionally, Matador conducts midstream operations in support of its exploration, development and production operations and provides natural gas processing, natural gas, oil and salt water gathering services and salt water disposal services to third parties on a limited basis. Forward-Looking Statements This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended.
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