Thanks Janet.
the the RBL, that end, credit under to at regarding and quarter former facility. that that bank with that group established the agreement we So, happy new replaced announced Calculus credit borrowings I’m no Lending. into with report a agreements facility there the outstanding we have entered current Yesterday, were
from we a the for felt that and have we good not to Given market. step time away position, time our cash some fact was it now, utilized the RBL RBL the
it committee Board, Our don’t need become was operate given We a independent add facility equal the market view Mexico. expect Calculus facility It the Gulf Lending. the RBL that better has commercial than with facilities to other affiliation was similar some my in This time that as of to market terms flexible, those imposing an onerous the is that more are on new today. terms of liquidity. in in would to for the by been reviewed producers, particularly less
is current not our it However, balance. cash
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equivalent rates performed had XXXX we totaling, XXXX, production barrels that net oil of quarter per day. third the During two workovers of approximately initial
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portfolio of premier of and deepwater a Mexico Gulf water properties significant upside. We low have both the with rates decline shallow and in
our at can Our stringent criteria. meet we many area opportunities and that for our acquisitions focus constantly and look aid
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our We have to maximize generating strategy always by efficiently cash flow focused executing operating strong value. long-term and on shareholder
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