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Charles Taylor Group Plc V.MQL


Primary Symbol: CHTYF

Marquee Energy Ltd is a Canada-based company. It is engaged in the acquisition, exploration, development, and production of oil and natural gas. The company receives maximum revenue from oil and natural gas sales. The company's core operations are in Michichi area.


GREY:CHTYF - Post by User

Bullboard Posts
Comment by barqshasbiteon Dec 29, 2011 3:15pm
245 Views
Post# 19357643

RE: RE: RE: MQL

RE: RE: RE: MQL

I found this in a financial release. It seems that companies do in fact reduce their bank lines if they don't plan to use it all as a way to reduce cost.

The Bank renewed the credit facility on February 7, 2011. The maximum amount of the outstanding loan was not to exceed $5,700,000. The maximum amount was reduced to $3,000,000 at May 31, 2011 at the request of the Corporation in-order-to reduce the fee payable to the Bank on November 30, 2011 from $100,000 to $50,000.

This came Montana Exploration's Q3 financials. https://www.montanaexplorationcorp.com/en/financials/2011-q3.pdf page 7 of the income statement

Bullboard Posts