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17. Subsequent Events
9 Months Ended
Sep. 30, 2015
Subsequent Events [Abstract]  
Subsequent Events

Debt Facilities

During the period from October 1, 2015 to November 10, 2015, the Company drew an additional $0.25 million, net of repayments, on the senior secured facility.

 

Borrowing Base Redetermination

The borrowing base on our Senior Secured Facility was adjusted by our lender as part of a regularly scheduled redetermination from $34 million to $33 million effective October 1, 2015. The borrowing base will adjust down to $32 million on November 16, 2015 if certain commodity hedging is not put in place. The next scheduled borrowing base amount determination date is April 1, 2016.