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BRIEF-Raging River Exploration announces 2015 year end reserves, updated 2016 guidance

Published 2016-02-03, 08:02 p/m
© Reuters.  BRIEF-Raging River Exploration announces 2015 year end reserves, updated 2016 guidance
RRX
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Feb 3 (Reuters) - Raging River Exploration Inc RRX.TO :
* Announces 2015 year end reserves and updated 2016 guidance
* Says during the first half of 2016, capital expenditures are anticipated to
be approximately $50-$60 million
* Says total 2016 funds flow from operations are forecast to be approximately
$121 million.
* The revised 2016 capital program is $150-$160 million
* Says the revised budget contemplates 2016 exit production of 17,000 boe/d
* Expected to generate 2016 average daily production of 16,500 boe/d, 20%
increase over 2015 production

* Source text for Eikon ID:nMKWxC2pMa

* Further company coverage RRX.TO

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