Cequence Energy Announces Credit Facility Renewal
June 14 2019 - 8:00AM
Cequence Energy Ltd. ("Cequence" or the "Company") (TSX: CQE) is
pleased to announce that it has entered into an amended credit
facility agreement (the “Credit Facility”) with its lender. The
Credit Facility will mature on June 16, 2020 and the borrowing base
remains at $7.0 million. Other than outstanding letters of credit
totalling approximately $1.6 million, the Company currently has no
amounts drawn under the Credit Facility.
OVERVIEW OF CEQUENCE
Cequence is engaged in the exploration for and
the development of oil and natural gas reserves. The
Company’s primary focus is the development of its Simonette asset
in the Alberta Deep Basin with other non-core assets in Northeast
British Columbia and the Peace River Arch of Alberta. Further
information can be found at www.cequence-energy.com.
The TSX has neither approved nor disapproved the
contents of this news release.
For further information, please
contact:
Todd Brown Chief Executive Officer
Phone: (403) 806-4049 tbrown@cequence-energy.com
Allan Mowbray Vice President, Finance and Chief
Financial Officer Phone: (403) 806-4041
amowbray@cequence-energy.com