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BRIEF-Eagle Energy announces drilling update, cost reductions and amendment to loan agreement

Published 2017-09-29, 06:09 p/m
© Reuters.  BRIEF-Eagle Energy announces drilling update, cost reductions and amendment to loan agreement
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Sept 29 (Reuters) - Eagle Energy Inc EGL.TO :

* Eagle Energy Inc announces North Texas drilling update, cost reductions and amendment to loan agreement

* Says worked with lender to relax one of its four financial covenant thresholds in "recognition of prevailing low oil prices"

* Says expects to be onside with all financial covenants at September 30, 2017 without any need for waivers

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