Jan 20 (Reuters) - Birchcliff Energy Ltd BIR.TO :
* BIRCHCLIFF ENERGY LTD. ANNOUNCES 2021 CAPITAL PROGRAM AND UPDATED FIVE YEAR PLAN
* BIRCHCLIFF ENERGY LTD - APPROVED AN F&D CAPITAL BUDGET OF $210 MILLION TO $230 MILLION FOR 2021
* BIRCHCLIFF ENERGY LTD - 2021 CAPITAL BUDGET TARGETS ANNUAL AVERAGE PRODUCTION RATE OF 78,000 TO 80,000 BOE/D.
* BIRCHCLIFF ENERGY LTD - TARGETED ANNUAL AVERAGE PRODUCTION IS EXPECTED TO GENERATE APPROXIMATELY $360 MILLION OF ADJUSTED FUNDS FLOW IN 2021
* BIRCHCLIFF ENERGY LTD - TARGETING TO REDUCE TOTAL DEBT AT YEAR END 2021 BY UP TO $130 MILLION FROM DECEMBER 31, 2020
* BIRCHCLIFF ENERGY LTD - IN Q4 2020, BIRCHCLIFF ACHIEVED AVERAGE PRODUCTION OF APPROXIMATELY 78,500 BOE/D