Cequence Energy Announces Credit Facility Amendment
November 28 2017 - 8:30PM
PR Newswire (Canada)
CALGARY, Nov. 28, 2017 /CNW/ - Cequence Energy Ltd. (the
"Company" or "Cequence") (TSX:CQE) is pleased to
announce that the Company has completed its semi annual review of
its senior credit facilities with its syndicate of lenders. As part
of such review, the Company's borrowing base under the credit
facilities has been reduced from $20
million to $12 million. The
Company's credit facilities remain undrawn as of the date of this
press release other than outstanding letters of credit of
$4.1 million.
About Cequence
Cequence is a publicly-traded Canadian
energy company involved in the acquisition, exploitation,
exploration, development and production of natural gas and crude
oil in western Canada. Further
information about Cequence may be found in its continuous
disclosure documents filed with Canadian securities regulators at
www.sedar.com.
The TSX has neither approved nor disapproved the contents of
this news release.
SOURCE Cequence Energy Ltd.
Copyright 2017 Canada NewsWire