Kolibri Global Energy Inc. (TSE:KEI) has released an update.
Kolibri Global Energy Inc. has announced a notable 25% increase in the borrowing base of its subsidiary BNK Petroleum (US) Inc.’s revolving credit line, from $40 million to $50 million, with BOK Financial. This financial boost is set to enhance the company’s Tishomingo project development, providing greater flexibility and supporting their growth in production and cash flow. The terms of the credit facility remain unchanged, underpinning KEI’s ongoing commitment to expanding its oil and gas energy projects.
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