May 15 (Reuters) - Granite Oil Corp GXO.TO :
* GRANITE OIL CORP. ANNOUNCES CREDIT FACILITY RENEWAL
* GRANITE OIL CORP SAYS RENEWED EXISTING CREDIT FACILITY AT SAME LEVEL OF $50 MILLION
* GRANITE OIL CORP SAYS COMPANY HAS SUFFICIENT LIQUIDITY AND FINANCIAL FLEXIBILITY TO EXECUTE ITS BUSINESS PLAN.