Brief: Bengal Energy renews and extends credit facility

Bengal Energy

25/08/2016 12:00

Aug 25 (Reuters) - Bengal Energy Ltd  BNG.TO  
    * Bengal Energy announces credit facility renewal and 
extension 
    * Revised facility has been extended to December 31, 2018 
and provides a borrowing base of US$15 million of which US$12.5 
million is currently drawn. 
    * Bengal will initiate a program to hedge approximately 
134,000 barrels of crude oil from July 2017 to December 2018. 
    * Revised borrowing base provides about CDN$6.5 million of 
working capital to finance ongoing 2016 drilling campaign 
 
Source text for Eikon:  ID:nMKW88zDka  
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