Exploration & Production | Debt | Capital Markets | Drilling Program
Questerre Plans Conservative Action in 2015
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Questerre Energy Corporation has reported on its preliminary plans for 2015.
Michael Binnion, President and Chief Executive Officer of Questerre, commented: "Our goals for this year are to maintain a strong balance sheet and finance our capital program primarily with cash flow and, to a lesser extent, our credit facilities. In 2015, we expect to generate positive cash flow from operations based on a WTI price of US$58/bbl and AECO prices of C$3.00/GJ."
Questerre also reported that its credit facilities with a Canadian chartered bank have been renewed for $50 million. This follows the interim review completed in the fourth quarter. The credit facilities include a revolving operating demand loan and a non-revolving acquisition/development demand loan. Any borrowings under the facilities…
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