Feb 13 (Reuters) - Pine Cliff Energy Ltd PNE.TO :
* Pine Cliff Energy Ltd announces 2017 guidance, 2016 bank debt reduction and year-end reserves
* Board of directors has approved a capital budget of $18.5 million for 2017
* Is budgeting 2017 annual production volumes to range from 21,250 - 21,750 BOE per day
* Pine Cliff's Q4 2016 production was 21,525 BOE per day, weighted 93 pct to natural gas
* Exited year with production of approximately 22,000 boe per day, weighted 94 pct to natural gas
* Reduced its bank debt by $125 million from $155.9 million at December 31, 2015 to $30.9 million at December 31, 2016 Source text for Eikon: ID:nCCN4bwl8 Further company coverage: PNE.TO