Quicksilver Resources Inc. (KWK) recently announced that its bank group has confirmed a borrowing base of $1 billion for the company's senior secured revolving credit facility, based upon oil and gas reserves as of Aug 31, 2009.   The company has $500 million drawn under the credit facility and believes that the approval of $1 billion borrowing base provides enough financial flexibility for the development of its high-growth resource base. The company expects to achieve double-digit production growth in 2010 while evaluating opportunities for its Horn River project in northeast British Columbia.   Quicksilver has the option to increase the credit facility up to $1.45 billion, subject to lender consents and additional commitments. The company can extend the maturity of the credit facility, which matures February 2012, up to two additional years with consenting lenders.   The company said that JPMorgan Chase Bank, N.A. led the group of ...

Dr Stock Pick HOT News & Alerts!

_______________________________________

FREE Daily Stock Alerts From DrStockPick.com

_______________________________________

DrStockPick.com Watch List!

My Picks for Tuesday September 22, 2009, are:

**************************************************************

KWK, Quicksilver Resources Inc.

KWK is a natural gas and crude oil exploration and production company engaged in the development and acquisition of long-lived, unconventional natural gas reserves, including coalbed methane, shale gas, and tight sands gas in North America.

**KWK’s first completed well in the Horn River Basin in Northeast British Columbia tested at an initial production rate of 13 million cubic feet per day

More about KWK at www.qrinc.com

**************************************************************

DSTI, DayStar Technologies, Inc.

DSTI is

...

Gastar Exploration Ltd. (AMEX: GST) is an independent energy company engaged in the exploration, development, and production of natural gas and oil in the United States and Australia. The company focuses their efforts on identifying, acquiring, and exploring possible natural gas and oil properties that show the potential to produce significant product. Their emphasis rests on prospective deep structures identified through seismic and other analytical techniques, as well as unconventional natural gas reserves, such as coal bed methane (CBM).

The company’s primary coal bed methane properties are found in the Powder River Basin in Wyoming and Montana, and in the Gunnedah and Gippsland Basins of Australia. Their drilling activities are focused on exploiting their multi-year inventory of drilling locations in the Deep Bossier Sands and Knowles Limestone plays in the Hilltop area of East Texas, as well as the emerging Marcellus Shale play in Appalachia.

...