Contango Oil & Gas resets revolving borrowing base to $115 million

By Susanna Moon

Chicago, Nov. 13 – Contango Oil & Gas Co. reset the borrowing base under its revolving credit facility at $115 million, according to an 8-K filing with the Securities and Exchange Commission.

The change was made under the regularly scheduled redetermination process for the facility effective Nov. 9, and has no material impact on the company’s liquidity.

Houston-based Contango is an oil and natural gas exploration company.

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