May 16 (Reuters) - Painted Pony Petroleum Ltd PPY.TO :
* Painted Pony announces closing of strategic Montney acquisition, increased credit facilities and director appointments
* Anticipates 2017 annual average daily production to increase from approximately 260 mmcfe/d to about 290 mmcfe/d
* Exit production in 2017 is expected to be between 438 mmcfe/d (73,000 boe/d) and 450 mmcf/d
* 2017 capital spending program of $348 million
* To increase its credit facilities to $500 million Source text for Eikon: ID:nCNWx842va Further company coverage: PPY.TO