As a result, given a reduction in revolver borrowings and outstanding letters of credit, Centennial's liquidity position has improved since
As of
'Centennial appreciates the ongoing support from its lenders with the reaffirmation of the borrowing base. We believe this outcome reflects our high-quality asset base and recent reductions to field-level costs,' said
About
Cautionary Note Regarding Forward-Looking Statements
The information in this press release includes 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact included in this press release, regarding our strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects, plans and objectives of management are forward-looking statements. When used in this press release, the words 'could,' 'may,' 'believe,' 'anticipate,' 'intend,' 'estimate,' 'expect,' 'project,' 'goal', 'plan', 'target' and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management's current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events.
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