InPlay Oil extends term out date, borrowing base redetermination

By Marisa Wong

Los Angeles, May 31 – InPlay Oil Corp. announced that the term out date and borrowing base redetermination applicable to the syndicated and operating facility under its senior credit facility has been extended to June 15.

Due to timing considerations, and at the request of the banking syndicate, InPlay has agreed to the extension to finalize the customary annual renewal of the credit facility, according to a press release.

The oil development and production company is based in Calgary, Alta.

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