March 15 (Reuters) - Pacific Exploration And Production Corp PEN.TO
* Pacific provides first quarter 2017 operational update and 2017 outlook & guidance
* Pacific exploration and production- targeting 2017 net exit production between 80,000 to 85,000 boe/d
* Pacific exploration and production- exploration & development capital expenditures expected to be $325 to $375 million
* Pacific exploration and production- production increasing faster than we expected in first two months of 2017
* Pacific exploration and production- net production for q1 of 2017 is expected to be in range of 72,000 to 75,000 boe/d
* Pacific exploration and production- 2017 drilling and production plan is consistent with expectations
* Pacific exploration and production- has agreed to sell certain interests in caguan-putumayo basin to amerisur resources for cash proceeds of $4.85 million Source text for Eikon: ID:nPn3M8lBCa Further company coverage: PEN.TO