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BRIEF-Obsidian Energy Announces An Increase In Its Syndicated Credit Facility

Published 2018-12-17, 06:40 a/m
Updated 2018-12-17, 06:50 a/m
BRIEF-Obsidian Energy Announces An Increase In Its Syndicated Credit Facility

Dec 17 (Reuters) - Obsidian Energy Ltd OBE.TO :

* OBSIDIAN ENERGY ANNOUNCES AN INCREASE IN ITS SYNDICATED CREDIT FACILITY AND PROVIDES AN OPERATIONAL UPDATE

* OBSIDIAN ENERGY LTD - ITS SEMI-ANNUAL BORROWING BASE REDETERMINATION HAS RESULTED IN A $30 MILLION INCREASE TO ITS SYNDICATED CREDIT FACILITY TO $470 MILLION

* OBSIDIAN ENERGY LTD - INCREASE IN SYNDICATED CREDIT FACILITY DUE TO JULY 2018 RETIREMENT OF AN OUTSTANDING POUND STERLING CROSS CURRENCY SWAP

* OBSIDIAN ENERGY LTD - SECOND HALF 2018 CARDIUM PROGRAM IS PROCEEDING AHEAD OF SCHEDULE AND UNDER BUDGET

* OBSIDIAN ENERGY ON CARDIUM DRILLING SAYS EXPECT TO HAVE 10 WELLS ON PRODUCTION PRIOR TO END OF 2018

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