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Forest Oil reports reaffirmation of borrowing base


Published Apr 27, 2012
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Forest Oil reports second successful Horizontal well in East Texas

Forest Oil Corporation reported that its bank group has reaffirmed Forest's $1.25 billion borrowing base related to its credit facilities maturing in June 2016.

The bank group continues to have $1.5 billion of commitments, and there were no changes in the terms or conditions of the credit facility.

Forest further announced today the addition of Douglas E. Brooks as Senior Vice President, Business Development and Larry C. Busnardo as Director, Investor Relations.

Tags: Forest Oil Corporation




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