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BRIEF-Seven Generations defers $200 million of discretionary 2016 capital investment due to lower commodity prices

Published 2016-01-10, 10:03 p/m
© Reuters.  BRIEF-Seven Generations defers $200 million of discretionary 2016 capital investment due to lower commodity prices

Jan 10 (Reuters) - Seven Generations Energy Ltd VII.TO :
* Defers $200 million of discretionary 2016 capital investment due to lower
commodity prices
* 7G maintains 2016 production guidance of between 100,000 and 110,000
barrels of oil equivalent per day
* capital investment in 2016 is now expected to be between $900 million
and $950 million
* 2015 production averaged more than 60,000 boe/d, which tops the cos 2015
production guidance of 55,000 to 60,000 boe/d

* Source text for Eikon ID:nCCN18PFwT

* Further company coverage VII.TO

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