NVDA gained a massive 197% since our AI first added it in November - is it time to sell? 🤔Read more

BRIEF-Birchcliff Energy reduces 2015 capex forecast to $250 mln

Published 2015-08-12, 04:15 p/m
© Reuters.  BRIEF-Birchcliff Energy reduces 2015 capex forecast to $250 mln
BIR
-

Aug 12 (Reuters) - Birchcliff Energy Ltd BIR.TO :
* Announces strong second quarter results, record quarterly production, record
low operating costs, increased Q4 average production and a reduction in
capital expenditures
* Says quarterly average production of 38,489 boe per day
* Increased expected average production in fourth quarter of 2015 by
approximately 2,000 boe per day to 41,000 to 42,000 boe per day
* Says reducing its forecast of total capital expenditures for 2015 to
approximately $250 million from $266.7 million
* Says expect to achieve record annual average production of 39,000 to 40,000
boe per day for 2015
* Says exit production in 2015 is expected to be 41,000 to 42,000 boe per day

* Source text for Eikon ID:nCCN553vxl

* Further company coverage BIR.TO

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.