28.04.2006 18:38:00
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Berry Petroleum Increases Credit Facility to $750 Million
Ralph Goehring, executive vice president and chief financialofficer, stated "Our stable production base and existing hedgeposition allow us to increase our borrowing capacity so that we cancontinue to grow the Company through acquisitions. Over the last fewyears we have made several sizable acquisitions and, including ourrecent Piceance Basin, CO acquisition, our outstanding debt under thefacility at March 31, 2006 was approximately $250 million."
Berry Petroleum Company is a publicly traded independent oil andgas production and exploitation company with its headquarters inBakersfield, California.
Safe harbor under the "Private Securities Litigation Reform Act of1995"
Any statements in this news release that are not historical factsare forward-looking statements that involve risks and uncertainties.Please refer to PART 1, Item IA. Risk Factors of Berry's Form 10-Kfiled with the Securities and Exchange Commission for a completediscussion of these risks.
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