Oil Investing News » Petro-Reef Resources receives Expanded Credit Facility

Petro-Reef Resources receives Expanded Credit Facility

November 23, 2009 @ 3:54 pm In Oil Company News

Petro-Reef Resources Ltd. (TSX VENTURE:PER) today announced that the company has increased its credit facility to a $14.5mm revolving demand credit and a $3.0mm non-revolving demand acquisition / development credit facility with the National Bank of Canada.

The press release is quoted as saying:

Petro-Reef Resources Ltd. is a Calgary-based junior oil and gas company focused on petroleum and natural gas lease acquisition and exploration, and development of crude oil and natural gas properties in Alberta, Canada.

Click here to access the entire press release ^[1]

Click here to access Petro-Reef Resources Corporate Site ^[2]

Article printed from Oil Investing News: http://oilinvestingnews.com

URL to article: http://oilinvestingnews.com/1204-petro-reef-resources-receives-expanded-credit-facility.html

URLs in this post:

[1] Click here to access the entire press release: http://www.marketwire.com/press-release/Petro-Reef-Resources-Ltd-TSX-VENTURE-PER-1080594.html

[2] Click here to access Petro-Reef Resources Corporate Site: http://www.petro-reef.ca/