Interline Announces NorthCut Refinery Funding Plan

Interline Resources Corporation announced that is has reached agreement to delay interest payments for financing on its NorthCut Refinery.

A spokesman for Interline Resources stated, “Discussions with Private Capital Group (PCG), the constructing lending source for the NorthCut Refinery, has led to a joint agreement to delay the payment of accrued interest on construction financing to mid-November 2008. We are proud to have PCG as an engaged and active partner in bringing this project to a reality. This agreement allows NorthCut the time and flexibility to acquire optimal long term financing. The construction is complete and we are only awaiting a final gas connection into an intrastate line that has been contracted with Anadarko in order to become fully operational.”

The refinery is located 20 miles north of Douglas, Wyoming in the energy rich Powder River Basin. Photos of the entire construction process to completion may be viewed at http://www.northcutrefining.com