Exploration & Production | Capital Markets | Capital Expenditure
Triangle Petroleum Outlines 2015 Fiscal Year CapEx
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Triangle Petroleum Corporation has detailed its capital budget outlook and guidance for its E&P segment, RockPile Energy Services and Caliber Midstream for fiscal year 2015, ending January 31, 2015.
Fiscal Year 2015 Capital Budget Outlook Triangle's fiscal year 2015 capital expenditure budget totals approximately $510 million: Liquidity Update E&P reserve-based lending facility borrowing base was recently increased from $275 million to $320 million; next scheduled redetermination in April 2014 Triangle plans to fund any shortfall between cash flow and capital expenditures via the institutional loan market in the second half of fiscal year 2015 Additional Fiscal Year 2015 Budget and Guidance Details Triangle (Parent Company) Approximately $11 - $14 million in expected corporate…Finish this article — free account or subscription
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