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FORENT ENERGY LTD. V.FEN

"Forent Energy Ltd is an oil and gas exploration, development and production company with mineral rights holdings, reserves, and production in Alberta, Canada. The company does a production of oil reserves through development drilling on three core properties in south-central Alberta; Twining, Provost, and Wayne. The majority of Forent’s production is generated from these properties. The firm generates the majority of its revenue from Oil sales."


TSXV:FEN - Post by User

Post by George98on Dec 10, 2016 4:11am
171 Views
Post# 25579656

FEN: Q3 report and liquidity

FEN: Q3 report and liquidityFEN's liquidity is just C$7,000 as of September. During the upcoming bank redetermination in Q4, I think the bank will lower the existing credit line and FEN will have to find $2-3 millions to pay the difference. Or they might make a private placement. Or they might sell some producing assets. 








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