The increase is scheduled to occur in 3 steps, $38 million immediately, $44 million on October 31, 2012 and $50 million on January 31, 2013. The increase in value of the facility is primarily attributed to the significant increase in the high netback light oil production as a result of the successful drilling program.
Well-capitalized Ameratex oil and gas company committed to growth by exploiting its light oil assets in Texas.
The presentation will be webcast live over the internet and can be accessed, along with the accompanying slides.
Ameratex Energy Oil Increases Supplies in the Gulf Coast 