Aug 3 (Reuters) - Spartan Energy Corp Sees 2016 Year SPE.TO
* Agreement on a "bought-deal" basis with underwriters for an offering of 22,100,000 shares at a price of $3.18 per share
* Board approved 2016 capital budget of $68 million, expected to be about cash flow neutral
* Anticipate spending level will yield average production of about 10,700 boe/d and exit production of about 12,500 boe/d for 2016
* Spartan energy corp. Announces southeast saskatchewan light oil acquisition, $70 million bought deal equity financing and updated 2016 capital budget
* Sees 2016 annual production 10,700 boe/d
* End net debt $58 million Source text for Eikon: ID:nCCN3ZGLX3 Further company coverage: SPE.TO