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Birchcliff Accelerates Canadian Ops in Q3; Talks 2014
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Birchcliff Energy Ltd. has reported financial and operational results for the third quarter of 2013 with record funds flow, significant earnings and a continued decrease in per unit operating costs.
Birchcliff has also reported a $59 million disposition of a non-core asset. We confirm previously announced 2013 fourth quarter and year end exit production guidance and provide 2014 preliminary guidance and the 2018 Five Year Plan.
Current Highlights Average production for October and November to date is approximately 28,000 boe per day. Birchcliff has 14 (13.17 net) horizontal wells to bring on production before year end, including 11 (11.0 net) Montney/Doig horizontal natural gas wells, one (1.0 net) Charlie Lake horizontal light oil well and two (1.17 net) Halfway horizontal light oil…- ✓ Full news archive — U.S., Canada & international coverage
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