09:55 AM EST - Argent Energy Trust : Announced that Argent's banking syndicate has completed their semi-annual review of Argent's credit facility and has elected to reduce the facility's conforming borrowing base from $80 million U.S. to $45 million U.S. as a result of current commodity prices. Argent is currently $65 million U.S. drawn on the facility, with a $1.3-million letter of credit outstanding also, and under the Credit Agreement there is a 60-day cure period in which to cover the difference to the new conforming borrowing base. Argent Energy Trust
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