Lonestar Resources borrowing base reaffirmed at $180 million

Lonestar Resources Ltd.’s (ASX: LNR, OTCQX: LNREF) borrowing base has been reaffirmed at $180 million, with regard to the company’s senior secured credit facility, which is redetermined semiannually. 

As of Sept. 30, the company had $79 million outstanding on the facility, leaving $101 million undrawn and available.

Lonestar Resources’ focus is on the exploration, production, and acquisition of unconventional oil and gas reserves, including in the Eagle Ford and Bakken shale plays.

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