In a semiannual review with the bank syndicate, Cardinal Energy Ltd.’s credit facilities were increased to CA$150 million, up from $125 million, the company said July 15.
The borrowing base will increase to CA$300 million, up from CA$200 million.
The facilities now mature May 29, 2016, and if the syndicate approves, they can be extended for 364 additional days.
Calgary, Alberta-based Cardinal Energy Ltd. operates in western Canada.
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