Feb 12 (Reuters) - Northern Blizzard Resources Inc NBZ.TO :
* Announces revised 2016 capital program & guidance; maintains dividend
* Says 2016 capital program has been reduced by 60% TO $40 million
* Revised capital program for 2016 in response to the continuing weakness in oil prices
* Estimated 2016 production of 19,000 boe/d
* Has hedges in place of approximately 60% of estimated 2016 oil production
* Hedging program is expected to contribute over $15.00/boe to estimated 2016 funds from operations
* Funds from operations for 2016 is expected to be $120 million.
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