Mr. David Wilson reports
KELT ANNOUNCES EXTENSION OF CREDIT FACILITY RE-DETERMINATION
Kelt Exploration Ltd. has extended the revolving period applicable to the company's existing $350-million revolving credit facility to July 15, 2020. The credit facility continues to be available, on a revolving basis, until that date. In connection therewith, the date for the redetermination of the borrowing base has also been extended to July 15, 2020. The extension of the borrowing base redetermination to July 15, 2020, provides the company with additional time to assess current market conditions.
Kelt is an oil and gas company based in Calgary, Alta., focused on the exploration, development and production of crude oil and natural gas resources in Western Canada.
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