Remington Oil and Gas increases borrowing base, extends maturity of loan

By Sara Rosenberg

New York, May 2 - Remington Oil and Gas Corp. increased the borrowing base on its $150 million credit facility to $100 million from $75 million and extended the maturity date to May 3, 2006, according to a filing with the Securities and Exchange Commission.

As of May 3, the company had $37.4 million borrowed under the facility.

Remington Oil and Gas is a Dallas energy company.

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