Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/financial/money/northern-oil-announces-increased-borrowing-base-un.shtmlNorthern Oil announces increased borrowing base under its revolving credit facility
Northern Oil and Gas, Inc. announced an increase to the borrowing base under its revolving credit facility
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Northern Oil and Gas, Inc. announced an increase to the borrowing base under its revolving credit facility agreement with its bank syndicate.
The syndicate of 13 lenders completed its regular semi-annual redetermination of the borrowing base, resulting in an increase from $450 million to $500 million.
The next redetermination of the borrowing base is scheduled for October 1, 2014.
