Tamarack Valley Energy Ltd.'s bank syndicated credit facility has been redetermined and remains at $275 million.
As of November 30th, 2020, the Company has drawn approximately $189 million and has ample liquidity for the remainder of 2020 and 2021.
Tamarack has forecasted free adjusted funds flow1 for both 2020 and 2021 with forecasted year-end net debt to trailing adjusted funds flow ratio1 of less than 1.5x in both years.
Related Categories :
Redetermination/Borrowing base
More Redetermination/Borrowing base News
-
Earthstone Energy's Credit Line Increased 21% to $1.7B
-
Silverbow's Borrowing Base Increased 48% to $775 Million
-
Amplify Energy's Borrowing Base Reaffirmed at $225MM
-
Northern Oil's Borrowing Base Raised Over 50% to $1.3 Billion
-
Earthstone's Credit Line Increased 6% to $1.4 Billion
Canada News >>>
-
Large Permian E&P Cuts Capex;Outlines New D&C Plans, 2024
-
Petrus Resources Ltd. First Quarter 2023 Results
-
Cardinal Energy Ltd. First Quarter 2023 Results
-
Headwater Exploration Inc. First Quarter 2023 Results -
-
Rubellite Energy Inc. First Quarter 2023 Results