| Lynden Energy Reports Credit Facility Borrowing Base Increase | |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec 22, 2015) - Lynden Energy Corp. (TSX VENTURE:LVL) reports that its wholly owned subsidiary, Lynden USA Inc., has secured an increase in its borrowing base, from US$37.5 million to US$40.0 million, under its reducing revolving line of credit led by Texas Capital Bank of Dallas, Texas. About Lynden Lynden Energy Corp. is in the business of acquiring, exploring and developing petroleum and natural gas rights and properties. The Company has various working interests in the Midland Basin and Eastern Shelf of the Permian Basin, West Texas, USA. Further information relating to Lynden is also available on its website at www.lyndenenergy.com. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
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Lynden Energy Ltd.
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CODE : LVL.V |
ISIN : CA5512751002 |
CUSIP : 551281108 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Lynden Energy is a and oil exploration company based in Canada. Lynden Energy holds various exploration projects in USA. Its main exploration property is PARADOX BASIN in USA. Lynden Energy is listed in Canada and in United States of America. Its market capitalisation is CA$ 57.3 millions as of today (US$ 44.4 millions, € 39.3 millions). Its stock quote reached its lowest recent point on December 21, 2006 at CA$ 0.18, and its highest recent level on July 04, 2008 at CA$ 1.90. Lynden Energy has 130 200 000 shares outstanding. |