July 12, 2016 / 12:47 PM / a year ago

BRIEF-Blackpearl Resources renews bank credit facilities

July 12 (Reuters) - Blackpearl Resources Inc

* Blackpearl renews bank credit facilities and provides an operations update

* Maximum borrowing amount has been reduced from $150 million to $117.5 million

* Completion of semi-annual review of its credit facilities with its syndicated group of lenders

* During quarter, company entered into hedges for 2,000 bbl/d for 2017 Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1 646 223 8780)

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