Impact: Neutral. The Company's reduced credit facility is within our expectations based on current commodity prices. Kelt is currently drawn 63% on the revised amount and we estimate the Company exiting 2016 with bank debt plus working capital deficiency of $143 mm reflecting ~77% of the facility.
02 Jun 2016
ANNOUNCES REVISED BORROWING BASE OF $185 MM
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ANNOUNCES REVISED BORROWING BASE OF $185 MM
Kelt Exploration Ltd. (KEL:TSE) | 0 0 -0.4% | Mkt Cap: 1,279m
- Published:
02 Jun 2016 -
Author:
Robert Fitzmartyn -
Pages:
2
Impact: Neutral. The Company's reduced credit facility is within our expectations based on current commodity prices. Kelt is currently drawn 63% on the revised amount and we estimate the Company exiting 2016 with bank debt plus working capital deficiency of $143 mm reflecting ~77% of the facility.