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 Aug. 31, 2020. The credit facility continues to be available, on a revolving basis, until that date. In connection therewith and subject to the satisfaction of certain requirements by the company, the date for the redetermination of the borrowing base has also been extended to Aug. 31, 2020.
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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