Jan 22 (Reuters) - Birchcliff Energy Ltd BIR.TO :
* BIRCHCLIFF ENERGY LTD. ANNOUNCES 2020 CAPITAL PROGRAM, 2020 GUIDANCE AND NEW FIVE YEAR PLAN
* BIRCHCLIFF ENERGY LTD - FOR 2020, BOARD OF DIRECTORS HAS APPROVED A CAPITAL BUDGET OF $340 MILLION TO $360 MILLION
* BIRCHCLIFF ENERGY LTD - FOR 2020 TARGETS AN ANNUAL AVERAGE PRODUCTION RATE OF 80,000 TO 82,000 BOE/D
* BIRCHCLIFF ENERGY LTD - PLANS TO PROTECT ITS EXISTING WELLS BY PROACTIVELY SHUTTING-IN SOME PRODUCTION IN Q1 2020
* BIRCHCLIFF ENERGY LTD - Q1 2020 PRODUCTION IS ANTICIPATED TO DECLINE FROM Q4 2019 LEVELS AND AVERAGE APPROXIMATELY 71,000 TO 74,000 BOE/D
* BIRCHCLIFF ENERGY LTD - ACTIVELY WORKS TO MITIGATE IMPACT OF FRAC-DRIVEN INTERACTION ON ITS OPERATIONS
* BIRCHCLIFF ENERGY LTD - FIVE YEAR PLAN FORECASTS THAT CO WILL GENERATE CUMULATIVE FREE FUNDS FLOW OF APPROXIMATELY $760 MILLION
* BIRCHCLIFF ENERGY LTD - PRODUCTION IS EXPECTED TO RAMP UP IN Q3 2020
* BIRCHCLIFF ENERGY LTD - LIQUIDS ARE EXPECTED TO INCREASE TO APPROXIMATELY 24% OF BIRCHCLIFF'S PRODUCTION COMMODITY MIX IN 2020
* BIRCHCLIFF ENERGY LTD - EXPECTS ANNUAL AVERAGE PRODUCTION GROWTH WILL BE 3% TO 5% IN 2020 AND 10% TO 13% IN 2021
* BIRCHCLIFF ENERGY LTD - ANNUAL AVERAGE PRODUCTION LEVELS ARE EXPECTED TO REMAIN RELATIVELY STABLE AT ABOUT 96,500 BOE/D OVER 2022 TO 2024