* Raises line of credit by 65 pct to C$14 mln
* Says produced 1,100 boe/d in late May
June 29 NuLoch Resources Inc NLRa.V, a
Canada-based petroleum and natural gas explorer and producer,
said it increased its current line of credit by 65 percent to
C$14 million ($13.5 million).
The company, which has assets in Western Canada and North
Dakota, also said it produced 1,100 barrels of oil equivalent
per day (boe/d) in late May, and the production consisted of 73
percent light oil.
In May, the company reported average first-quarter
production of 837 boe/d and said it expected an exit target of
1,800 boe/d for the year.
Shares of the company closed at C$1.57 Monday on the
Toronto Stock Exchange.
($1=1.035 Canadian Dollar)
(Reporting by Arnika Thakur in Bangalore; Editing by Gopakumar