GO
Loading...

BRIEF-Matador Resources increases credit facility and provides operational update

Wednesday, 10 Oct 2012 | 7:11 AM ET

Oct 10 (Reuters) - Matador Resources Co :

* Increases credit facility and provides operational update

* The borrowing base was increased to $200 million, up from the previous borrowing base of $125 million

* Plans to use increased borrowing capacity to continue to execute Eagle Ford drilling program in south Texas

* Announces Q3 2012 oil production of approximately 300,000 barrels, a sequential increase of approximately 5%

* Remains on target to achieve its previously announced guidance for 2012 exit rate oil production

* Source text * Further company coverage

((Bangalore Newsroom; +1 646 223 8780))