Magnum Hunger announced that the its borrowing base under its $350 mln Senior Bank Facility, which consists of a $250 mln Senior Revolving Credit Facility and a $100 mln Term Loan Facility, has been increased by $35 mln from $200 mln to $235 mln. The 17.5% increase in Magnum Hunter's borrowing base is entirely due to organic growth of the co's existing proved reserve base due to the successful drilling activities in its three unconventional resource plays. As previously announced, Magnum Hunter's proved reserves increased by 21% to 45 million BOE from Sep 30, 2011 to Dec 31, 2011.
Wednesday, February 15, 2012
For Investors Only -- Magnum Hunter -- Yahoo!In Play
No link to "In Play" due to the fact that the link is dynamic. This story will not be there tomorrow.
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