Cardinal Energy Ltd. Announces Extension of Credit Facility
Cardinal Energy Ltd. Announces Extension of Credit Facility
Calgary, Alberta--(Newsfile Corp. - May 27, 2024) - Cardinal Energy Ltd. (TSX: CJ) ("Cardinal" or the "Company") announces it has entered into an agreement with its syndicate of lenders to extend and increase its credit facilities ("Facilities"). The Facilities were increased to $200 million (previously $155 million) and the revolving period and maturity date were extended to May 31, 2025 and May 31, 2026, respectively. In connection with the renewal, Cardinal has received a reserve based lending commitment from a new lender, Business Development Bank of Canada. The increased liquidity will provide additional support for the Company's announced capital program, including the Company's steam-assisted gravity drainage project in Reford.
卡爾加里，艾伯塔省 - （新聞稿公司 - 2024年5月27日） - 紅衣能源有限公司（tsx：cj）（“公司”）宣佈已與其貸款銀團達成協議，以延長並增加其貸款授信額度（“授信額度”）。 授信額度增加至2億美元（之前爲1.55億美元），循環週期和到期日分別延長至2025年5月31日和2026年5月31日。 與續簽相關，在Business Development Bank of Canada的新貸方承諾基於儲備的貸款。 增加的流動性將爲公司的宣佈資本計劃提供額外支持，包括公司在Reford的蒸氣輔助重力驅動項目。Cardinal"或"公司公司宣佈已與其貸款銀團達成協議，以延長並增加其貸款授信額度（“授信額度”）。 授信額度增加至2億美元（之前爲1.55億美元），循環週期和到期日分別延長至2025年5月31日和2026年5月31日。
About Cardinal Energy Ltd.
關於Cardinal Energy Ltd。
Cardinal is a Canadian oil and natural gas company with operations focused on low decline oil in Western Canada. Cardinal differentiates itself from its peers by having the lowest decline conventional asset base in Western Canada. Cardinal has recently announced the commencement of its first thermal SAGD oil development project which will further increase the long-term sustainability of the Company. Cardinal works to continually improve its Environmental, Social and Governance profile and operates its assets in a responsible and environmentally sensitive manner.
Cardinal是一家加拿大油氣公司，其業務集中在加拿大西部的低降幅原油開採。Cardinal通過擁有加拿大西部最低衰減傳統資產基礎與同行區分開。Cardinal最近宣佈了其第一個熱力SAGD石油開發項目的啓動，這將進一步增加公司的長期可持續性。Cardinal致力於持續改善其在環境、社會和治理方面的表現，並以負責任和環境敏感的方式運營其資產。
For further information:
進一步了解：
M. Scott Ratushny, CEO or Shawn Van Spankeren, CFO or Laurence Broos, VP Finance
Email: info@cardinalenergy.ca
Phone: (403) 234-8681
M. Scott Ratushny，首席執行官或Shawn Van Spankeren，首席財務官或Laurence Broos，財務副總裁
電子郵件：info@cardinalenergy.ca
電話：（403）234-8681
譯文內容由第三人軟體翻譯。