text: Interest on borrowed funds accrue, at the Company’s option, of i) LIBOR plus a margin that ranges from 175 to 275 
  basis points or ii) the Base Rate, defined as a rate equal to the highest of (a) the Federal Funds Rate plus ½ of 1%, (b) 
  the Prime Rate, or (c) LIBOR plus a margin that ranges from 75 to 175 basis points. The applicable margin varies 
  depending on the amount drawn. The Company also pays a commitment that ranges from 37.5 to 50 basis points 
  on the undrawn balance of the borrowing base. The agreement has a five-year term and contains both negative and 
  affirmative covenants, including minimum current ratio and maximum leverage ratio requirements consistent with 
  the Junior Credit Facility’s. Certain development and production assets are pledged as collateral and the facility is 
  guaranteed by the Parent Company. 
  
  For the years ended 31 December 2014 and 2013, the Company capitalised nil and $0.2 million, respectively, of 
  financing costs related to the Senior Credit Facility, which offset the principal balance. As at 31 December 2014 there 
  was $95.0 million outstanding under the Company’s Senior Credit Facility. As at 31 December 2014, the Company 
  was in compliance with all restrictive financial and other covenants under the Senior Credit Facility. 