Lynden Energy Corp.
TSX VENTURE : LVL

Lynden Energy Corp.

August 31, 2011 16:01 ET

Lynden Energy Corp.: Credit Facility With Texas Capital Bank Secured

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 31, 2011) - Lynden Energy Corp. (TSX VENTURE:LVL) reports that further to its July 13, 2011 news release, the Company's wholly owned subsidiary, Lynden USA Inc., has secured a three year reducing revolving line of credit (the "Credit Facility") in an amount up to US$50 million with Texas Capital Bank of Dallas, Texas. The Credit Facility provides for an initial borrowing base of US$9.5 million.

Lynden is a Canadian-based oil and gas company with operations focused on our Wolfberry and Mitchell Ranch projects in the Permian Basin, West Texas, and our Paradox Basin Project, Utah.

ON BEHALF OF THE BOARD OF DIRECTORS

LYNDEN ENERGY CORP.

Colin Watt, President and CEO

Contact Information

  • Lynden Energy Corp.
    Colin Watt
    President and CEO
    (604) 629-2991
    (604) 602-9311 (FAX)