NuLoch Reducing Budget To Match Cash Flow

摘要

NuLoch Resources Inc. says it has prudently reduced its capital program during the first quarter to match its expected cash flow.The company's available line of credit is $9 million of which approximately $4.5 million has been used.Average fourth quarter 2008 production is estimated at 520 bbls of oil equivalent per day and current production capability is 565 BOE a day.