Exploration & Production | Capital Markets | Capital Expenditure
Bellatrix Exploration Announces 2014 Budget Following Acquisition
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Bellatrix Exploration Ltd. has confirmed its 2014 guidance and announce that it has completed its mid-year review of its 2013 credit facilities and provides an update of its recent commodity price risk management activities.
2013 has been an extraordinary year earmarked by significant production growth, announcing three separate joint ventures designed to accelerate our program on a promoted basis, an equity financing, redemption of its convertible debentures and closing on December 11, 2013 of an impactful corporate acquisition. These strategic transactions strengthen the Company by accelerating our ability to provide shareholder value accretion.
2014 GuidanceBellatrix expects its 2013 calendar year average daily production will be +/- 22,250 boe/d and that its exit rate guidance will…
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