Bullboard - Stock Discussion Forum Delphi Energy Corp. DPGYF

Energy

Delphi Energy Corp is a mining company. It is engaged in the acquisition for an exploration, development, and production of crude oil, natural gas and natural gas liquids in Western Canada. The company's core area is uniquely positioned in the Deep Basin of Bigstone in northwest Alberta.

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Delphi Energy Corp. > time is of the essence

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Post by moncton4 on Jun 05, 2019 8:30pm

time is of the essence

Delphi currently has $82.0 million drawn on the facility and $7.5 million of outstanding letters of credit, leaving $15.5 million of available credit.

Company’s syndicate of lenders, led by Alberta Treasury Branches and including The Bank of Nova Scotia and Bank of Montreal, has extended the term out date of the Company’s $105 million senior secured credit facility to June 14, 2019 in order to complete the annual borrowing base redetermination and extension documentation

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