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Voyager Annouces New $150M Credit Facility; Reduce Existing Debt and Accelerate Bakken

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Voyager Oil & Gas, Inc. (AMEX:VOG) today announced that it has closed on a $150 million credit facility with Macquarie Bank Ltd. The facility will be used to retire existing debt and allow Voyager to accelerate development and production growth in the Williston Basin for the purpose of Bakken and Three Forks well development, production growth and acquisition in the Williston Basin.

"Voyager is excited to partner with Macquarie to establish a conventional credit facility that will enhance the Company's options as we expand our operations in the Williston Basin," said J.R. Reger, Chief Executive Officer of Voyager Oil & Gas. "The structure of this credit relationship provides Voyager significant flexibility to meet its development targets in the coming years and respond to opportunities…

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