David Deckelbaum, KeyBanc
All right. I guess also suggest or complements the idea of deferring some of these completions into a lower service cost environment. The deferred activity, do you still intend on testing the Greenhorn this year or would that be something that gets pushed out into a better commodity environment?
Craig Rasmuson, COO
No. It is on our schedule. It is about timing of rig right now. Whether we take the existing rig we have and/or opportunities for rigs, we get a lot of calls. There is a lot of rig vendors are reaching out and people have set their 15 program and/or firming up their contracts in the 2015 program here this month. Finding a window for whether to bring a second rig in for that single well, bring a second rig in for some other work, too. It is all going to be driven by what happens over the next 60 to 90 days as we forecast through not only pricing the commodity prices.
Monty Jennings, CFO
We are currently moving forward with rig 131 as we talked about on the Cannon. We have the potential to bring 138 back in about 90 days and depending on the timing of where we are at with rig 131 versus where we are at on the Greenhorn. We may use rig 138 to drill that well. It will just all depend on timing.
David Deckelbaum, KeyBanc
Okay, great. Then one more if I might, you had mentioned it is non-core asset sales, did you view non-core asset sales as being something that you would look out just as a source of fund that if you were to pursue other acquisitions? Do you feel like you need to build up some sort of war chest right now preemptively?
William Scaff, Co-CEO, Treasurer
Well, we are just looking for areas where it makes sense to take cash. That if cash if available in the areas that are non-core. I will kind of leave it at that.
David Deckelbaum, KeyBanc
Okay. Fair enough. All right. Thanks a lot, guys.
Operator
Thank you. Our next question is coming from the line of Kim Pacanovsky with Imperial Capital. Please proceed with your question.
Kim Pacanovsky, Imperial Capital
Hey, good morning, everyone. I just wanted to clarify the liquidity. Looks like you ended November 30 with about $200 million of liquidity and that was prior to the $75 million payment for the acquisition leaving you with a $125 million. Is that correct?
Monty Jennings, CFO
I think that the way we look that is we amended our bank credit facility shortly after the end of November. Based on that that amended facility which went into effect on December 15, we did draw down about $66 million to complete that to pay the cash portion of the Bayswater acquisition price. At that point in time, we had $84 million left under the facility. It is $230 million borrowing base.
Jon Kruljac, VP Capital Markets and IR
We are still the cash on the balance sheet, Kim.
Kim Pacanovsky, Imperial Capital
What was that $37 million?
JON KRULJAC, VP Capital Markets and IR
$47 million.
Craig Rasmuson, COO
$47 million at the end of November.
Kim Pacanovsky, Imperial Capital
$47 million, okay, so $47 million. When is the next borrowing base redetermination? How do you think about in this market which is going to get very attractive for asset purchases? How do you think about funding an asset purchase?
Monty Jennings, CFO
The redetermination schedule did not change. We did a semi-annual reserve report. The effective date to those is still the end of February and the end of August, and so that will be the same…
William Scaff, Co-CEO, Treasurer
That typical timing on our redetermination through the borrowing base then would be end of April, early May timeframe with what we’re really looking at that. The reserve report will be done at the end of February, but we got to go through that whole exercise and then go to the bank. It is kind of 60 days at the end of that.
It just depends on what assets come for sale, what price we have been able in the past to have a sizeable junk of our assets purchases include a stock component. That would be one thing that we are looking at. Everybody that has taken stock in the past has been pleased. We have to continue to drive shareholder value. That would be part of the discussion. Some of these situations maybe quite distressed where they do need some cash. We will really be looking at it, but our acquisition focus would be core Wattenberg.
Kim Pacanovsky, Imperial Capital
Okay.
