Text Size:
A | A

Black Ridge Ramps Up Credit Facility To $20 Million

Text Size: A | A
September 6, 2012

Black Ridge Oil & Gas, Inc. (ANFC) announced that it has amended its credit facility with Dougherty Funding, LLC from $10 million to $20 million of which $16.5 million is currently available.

The facility will provide the Company with the additional funding for its Bakken and Three Forks development plan.

Mr. Ken DeCubellis, Chief Executive Officer of Black Ridge Oil & Gas, Inc., stated: "We are excited about the increased borrowing capacity of our credit facility with Dougherty Funding. We believe this is a direct result of our strong financial ...

Already a subscriber? Log In
Does your company have a site license? Inquire here
Already a print subscriber? Upgrade your magazine subscription