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Battalion Oil Corp. has reported a change to its borrowing base.
The company's lender, the Bank of Montreal (BMO), will be reducing Battalion's borrowing base to $200 million effective April 30, 2020.
Additionally, the borrowing base will be further reduced by $5 million each month from September 1, 2020 until November 1, 2020.
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Redetermination/Borrowing base
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