Bonterra Energy delays borrowing base redetermination date

Chicago, April 30 – Bonterra Energy Corp. announced that its syndicate of lenders has extended the annual borrowing base redetermination date on its credit facility, according to a press release.

The annual bank facility review and redetermination date has been extended to May 29 from April 28.

“This extension affords both the company and its syndicate additional time to assess the ongoing impacts of Covid-19 and the recent actions from OPEC+ on commodity pricing,” the release states.

Bonterra Energy is a conventional oil and gas corporation based in Calgary, Alta.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.