CALGARY, Dec. 17, 2018 /CNW/ – OBSIDIAN ENERGY LTD. (TSX â OBE, NYSE â OBE.BC) (“Obsidian Energy“, the “Company“, “we“, “us” or “our“) announces that its semi-annual borrowing base redetermination has resulted in a $30 million increase to its syndicated credit facility to $470 million. Additionally, Obsidian Energy provides an update on our latest Cardium drilling activity.
Increased Syndicated Credit Facility
The Company has a reserve-based syndicated credit facility, with an underlying borrowing base of $550 million, less the amount of outstanding pari passu senior notes. The increase in the syndicated credit facility from $440 million to … Continue Reading