DXI Energy Inc. (NYSE: DXI), formerly Dejour, said Nov. 18 it has made a deal to extend its C$6.5 million loan.
The loan, originally due on Dec. 31, will be stretched to Nov. 30, 2018. The funds were used to fund the Canadian company's expenditures for the expansion of production, including costs incurred for the Mancos discovery well at the Kokopelli project in the Piceance Basin.
The loan was provided by companies associated with a principal and director of DXI, the release said.
DXI has operations in Colorado's Piceance Basin and the Peace River Arch region in British Columbia.
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