Replies to post #751 on Emerald Oil, Inc. (EOXLQ)

[Timothy Smith]

Emerald Oil (NYSEMKT:EOX) -3.3% premarket after announcing that the borrowing base under its revolving credit facility was decreased to $120M from $200M as part of the regularly scheduled semi-annual redetermination by its lenders.

EOX says the decrease in the borrowing base has resulted in a deficiency of $19.6M, and it is negotiating with the bank group regarding a repayment schedule.