Escalera Resources Co. (NASDAQ: ESCR) said Dec. 22 that the $50 million borrowing base under its $250 million credit facility with Societe Generale was reaffirmed.
This occurred after the semiannual redetermination, the company added. The next redetermination is scheduled for spring 2015.
On Nov. 30, the company had $10.9 million combined liquidity, made up of cash, cash equivalents and borrowing capacity.
Denver-based Escalera Resources Co. develops and transports domestic natural gas.
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