Brief: Bonterra Energy Announces Redetermination Of Credit Facility

Bonterra Energy

14/07/2020 22:41

July 14 (Reuters) - Bonterra Energy Corp  BNE.TO :
    * BONTERRA ENERGY CORP. ANNOUNCES REDETERMINATION OF CREDIT
FACILITY
    * BONTERRA ENERGY CORP - INTENDS TO CONTINUE ACTIVELY
REDUCING NET
DEBT THROUGH BALANCE OF 2020 ASSUMING CURRENT FORWARD COMMODITY
PRICES
    * BONTERRA ENERGY CORP - CURRENTLY EVALUATING REACTIVATION
OF A
LIMITED CAPITAL PROGRAM IN Q3 OF 2020
    * BONTERRA ENERGY CORP - BONTERRA'S CREDIT FACILITY HAS BEEN
CONFIRMED AT $300 MILLION
    * BONTERRA ENERGY CORP - ESTABLISHED A 2020 MAINTENANCE
CAPITAL
BUDGET OF APPROXIMATELY $27 MILLION
    * BONTERRA ENERGY CORP - ANTICIPATES CREDIT FACILITY WILL
PROVIDE
SUFFICIENT LIQUIDITY TO EXECUTE ON ITS BUSINESS PLAN THROUGH
BALANCE OF 2020

Source text for Eikon:  ID:nCNW44RKsa 
Further company coverage:  BNE.TO 

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