BRIEF-Cequence energy announces redetermined borrowing base

Thu Jun 30, 2016 11:53am EDT
 
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June 30 (Reuters) - Cequence Energy Ltd

* Cequence Energy Announces Redetermined Borrowing Base

* Borrowing Base Under Credit Facilities Has Been Redetermined At $20 Million And Total Debt To Ebitda Covenant Was Removed

* As At March 31, 2016 Company's Credit Facilities Were Undrawn

* Company Believes This Amount Of Credit Capacity Is Sufficient To Execute Its Capital Plan

* Company's Total Year-End Debt Is Forecast To Be Approximately $70 Million Source text for Eikon: Further company coverage: