Nov 10 (Reuters) - Boulder Energy Ltd BXO.TO :
* Announces 2015 third quarter financial results and operational update
* Says is still early in the exploration and development of its long life, high OOIP light oil resource play
* Says has drilled one well in the fourth quarter and will use remaining free cash flow to pay down debt
* Says expects to exit 2015 with net debt of approximately $139 million
* Qtrly loss per share $0.61
* Increased liquids production to 5,436 BBLS/d in the third quarter, a 9% increase from 5,001 BBLS/d in the second quarter of 2015
* Says qtrly funds flow from operations of $15.2 million or $0.33 per share
* Says continue to have 2,000 BBLS/d of oil production hedged for the remainder of 2015 at approximately US$60.00
* Q3 earnings per share view C$0.04 -- Thomson Reuters I/B/E/S
* Says Q3 oil and natural gas revenues 29.1 million versus 50.7mln
* Says significantly reduced anticipated 2016 corporate declines to a rate of 30% from historical rates of over 40%
* Says that the current production capability of 7,000 BOE/d would require maintenance capital of $30 - 35 million per year
* Source text for Eikon ID:nMKWflCX2a
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