Borrowing base redetermination
WebOct 12, 2024 · Ring's borrowing base redetermination is scheduled for November 1. It may see another modest reduction in its borrowing base as capex spend has been limited after Q1 2024, resulting in its PDP ... WebScheduled Borrowing Base Redetermination. (a) Pursuant to Section 2.04(a) of the Credit Agreement, the currently effective Borrowing Base of $170,000,000 shall be maintained at $170,000,000 until otherwise redetermined in accordance with the Credit Agreement. (b) Both the Parent and the Borrower, on the one hand, and the Administrative Agent ...
Borrowing base redetermination
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WebApr 28, 2024 · Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to Section 2.07(e), Section 2.07(f), Section 2.07(g) and Section 8.12(c). For the avoidance of doubt, this Borrowing Base increase shall constitute the April 1, 2024 Scheduled Redetermination. Section 4. Conditions of … WebJun 22, 2024 · This redetermination cycle has been more prolonged and less forgiving than previous cycles, with a number of the most distressed E&Ps still working through the …
WebExamples of Borrowing Base Redetermination in a sentence. The Reserve Reports delivered in connection with each September 15 Scheduled Borrowing Base … Webdetermination, finding - the act of determining the properties of something, usually by research or calculation; "the determination of molecular structures"
WebDec 27, 2024 · Talos Energy Inc. ("Talos" or the "Company") (NYSE: TALO) today announced that its current borrowing base was reaffirmed at $1.1 billion as part of its semi-annual redetermination process for the ... WebMay 7, 2024 · Gulfport completed its spring borrowing base redetermination effective May 1, 2024 and the borrowing base was redetermined at $700 million. Pro forma for the …
WebRedetermination of the Borrowing Base. (a) Subject to the terms of this Agreement, as of the Agreement Effective Date, the Borrowing Base shall be $190,000,000, and such Borrowing Base shall remain in effect at such amount until the Borrowing Base is redetermined or adjusted in accordance with the Credit Agreement.
scots guards basedWebThe Borrowing Base shall be redetermined on or about October 1, 2024 (the “October 2024 Redetermination”) and, thereafter, semi-annually in accordance with this Section 2.07 (each, a “Scheduled Redetermination”), and, subject to Section 2.07(d), such redetermined Borrowing Base shall become effective and applicable to the Borrower, the ... scots guards battlesWebJun 1, 2024 · Jun. 1, 2024, 07:00 AM. CALGARY, June 1, 2024 /CNW/ - Bonterra Energy Corp. (www.bonterraenergy.com) (TSX: BNE) ("Bonterra" or the "Company") today confirms it has executed an agreement with its ... scots guards bracesWebTHIS WAIVER, BORROWING BASE REDETERMINATION AND NINTH AMENDMENT TO CREDIT AGREEMENT (this “Waiver and Amendment”) dated as of December 30, 2015, among YUMA EXPLORATION AND PRODUCTION COMPANY, INC., a Delaware corporation (the “Borrower”), the undersigned lenders party to the Credit Agreement (the … scots guards charityWebNov 5, 2015 · On November 2, 2015, the Company closed the quarterly borrowing base redetermination with Commonwealth Bank of Australia ("CBA") based on reserves at 30 September 2015. scots guards book 3WebDec 1, 2015 · The revised borrowing base incorporates a redetermination based on the syndicate's review of the current estimated value of the Company's proved reserves under the syndicate's pricing assumptions ... scots guards buttonsWebJun 22, 2024 · Pro forma for the redetermination, as of May 31, 2024, Talos had approximately $121 million of cash on hand and $650 million drawn of the $985 million … scots guards car badge