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Birchcliff Has Strong 2Q and Plans to Increase 2014 Capex

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Birchcliff Has Strong 2Q and Plans to Increase 2014 Capex
Birchcliff Energy Ltd. has announced strong financial and operational results for the second quarter of 2014 with strong second quarter production, funds flow and earnings. Birchcliff also announces a $100 million increase to its 2014 budget and an increase in exit production guidance to approximately 40,000 boe per day. Current Highlights and 2014 Estimates Record current production is approximately 34,000 boe per day. Increased 2014 exit production rate guidance to approximately 40,000 boe per day as a result of the budget expansion. Strong average production expected in the first quarter of 2015. Estimated 2014 fourth quarter average production of approximately 38,000 boe per day. Estimated 2014 annual average production of 34,000 boe per day, representing 32% growth over…
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