Operational Updates
Birchcliff's Montney Success Lifts Production to 27,500 BOE/d
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Birchcliff Energy Ltd. has reported its financial and operating results for the third quarter of 2012.
Highlights include:
• Current production is approximately 27,500 boe per day, well ahead of our previous exit guidance of 26,000 boe per day.
• Birchcliff expects its 4th quarter average daily production will be approximately 26,400 boe per day.
• 2012 average production is forecast to be approximately 22,700 boe per day. This production growth results from our successful drilling program and not from acquisitions.
• The Phase III expansion of the Pouce Coupe South Gas Plant (the PCS Gas Plant) was completed one month ahead of schedule and commenced operations on October 2, 2012.
• The PCS Gas Plant is continuing to drive down operating costs per boe in Q4, 2012 and beyond as…
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