Cuda Oil and Gas Inc. announced that it has entered into an Agreement with the company's institutional lender (the Lender) to extend the pleased to announce that it has entered into an Agreement with the Company's institutional lender (the "Lender") to extend the expiration of its 1st and 2nd Loan Facilities (the "Facilities") with an aggregate principal amount of $43.6 million, from June 26,2020 and March 31, 2020, respectively, to July 31, 2020. In connection with the extension of the Facilities, interest on the 2nd Loan Facility, with a principal amount of $8.3 million, was increased by 725 basis points. There was no change to interest on the 1st Loan Facility . In addition to the extension, the Company also received an unsecured promissory note from an outside party in the amount of $100,000.