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Bellatrix IDs Capex for First Half of 2016; Drilling Ops, Joint Ventures
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Bellatrix Exploration Ltd. has reported strong preliminary 2015 operational results and a focused first half 2016 capital budget of $46 million.
Review of 2015 Highlights: Production Average Estimate (4Q-2015) : 40,500 boe/d Production Average Estimate (FY-2015) : 40,500 to 41,500 boe/d. Capital Expenditure (Aprox) : $160 Million Outlook for 2016 Highlights: $46 million 2016 Capex (first half of year only)(focused on D&C&T Production Guidance (1H-2016) : 39,000 boe/d (+/- 500 boe/d)Building on the operational successes from 2015, the Company's first half 2016 capital budget targets continued full cycle profitable growth through development of the Company's Spirit River liquids rich natural gas play, which remains one of the lowest supply cost natural gas plays in North America…
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