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 results and our proven ability to successfully execute on our strategy."
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