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Legacy Reserves to increases borrowing base to $320M

Midland, Tex.-based Legacy Reserves LP has increased the borrowing base from its credit facility from a group of banks led by BNP PARIBAS to $272 million from the previous $225 million.

It will be further increased to $320 million coincident with the acquisition of Permian basin and Mid-continent producing properties, which is scheduled to close on April 30, 2008.
 

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