Bellatrix Exploration Ltd. (stock ticker: BXE) recently completed the renewal and extension of its syndicated revolving credit facilities and the semi-annual redetermination of the borrowing base. The term of the credit facilities has been renewed to May 30, 2019 and remains extendible annually thereafter at the option, subject to lender approval. If not renewed in May 2019, the credit facilities
West Central Alberta-based Bellatrix Exploration Ltd. (ticker: BXE) announced today that it entered into an agreement with Grafton Energy Co. I Ltd. The agreement states that Bellatrix will acquire all Grafton’s remaining assets in Bellatrix’s core Ferrier area for further development and production in the Spirit River formation. Great Ferrier Area Core Spirit River Play Source: Bellatrix Exploration Ltd
Petrus Resources: Ferrier Cardium play delivering superior economic returns At its recent 2017 The Oil & Gas Conference®, EnerCom’s Oil & Gas 360® conducted an exclusive video interview with Petrus Resources (ticker: PRQ) President & CEO Neil Korchinski. Petrus’ prime area of focus is the Ferrier area of Alberta where it targets liquids rich natural gas in the Cardium formation,
Petrus Resources (ticker: PRQ), based in Calgary, Alberta, is active in three primary areas: the Ferrier area of Alberta—which draws from the Cardium formation, Central Alberta, and the foothills regions of the Rocky Mountains. The company has focused on developing growth within its core assets, and has experienced a 31% increase in production since Q3, 2016. As of Q1, 2017,
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