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Birchcliff to Grow Production Over 60% in 2017; 80 MBOEPD
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Birchcliff Energy reported its Q3 2016 results as well as its 2017 outlook.
2017 GuidanceBirchcliff expects to increase production sizably in 2017 to 78,000-82,000 BOEPD (an increase of between 59-67% from 2016's 49,000-51,000 BOEPD)
Birchcliff is pleased to announce that its annual average production for 2017 is expected to be 70,000 to 74,000 boe/d. The following table sets forth Birchcliff’s guidance for 2017: Birchcliff expects to fund its 2017 capital expenditures and dividends out of internally generated funds flow, based on the assumptions contained in the Five Year Plan. Birchcliff expects to announce the details of its 2017 capital expenditure program, its 2016 unaudited financial results and 2016 reserves and finding costs on February 8, 2017. 2021 Five Year Plan Birchclif…- ✓ Full news archive — U.S., Canada & international coverage
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