VAALCO Energy Announces Results Of IFC Credit Facility Re-Determination

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VAALCO Energy (EGY) Reaffirms Full Borrowing Base Following Credit Facility Redetermination

July 30, 2015 8:15 AM EDT

VAALCO Energy (NYSE: EGY) announced that the borrowing base under its revolving credit facility was reaffirmed at the full $65 million level, the maximum capacity provided for under the facility. The redetermination was a result of the regular semi-annual review conducted by the International Finance Corporation... More