Abilene Oil and Gas Limited announced that it has entered into a Loan Agreement with a related entity of Mr. Craig Mathieson, Holdrey Pty Ltd, to secure further short term funding for the Company. Under the Agreement, Holdrey will provide the company with an additional $200,000 loan in order to fund the Company's oil and gas activities and working capital requirements. The loan provided by Holdrey will bear interest of 8% per annum with a repayment date of 30 April 2017 and is an unsecured loan.