Birchcliff Energy Ltd BIR.TO :
* . ANNOUNCES UNAUDITED 2018 YEAR-END AND FOURTH QUARTER RESULTS, 2018 RESERVES HIGHLIGHTS, 2019 CAPITAL PROGRAM AND INCREASED COMMON SHARE DIVIDEND
* Q4 EARNINGS PER SHARE C$0.27
* Q4 EARNINGS PER SHARE ESTIMATE C$0.08 -- REFINITIV IBES DATA
* INCREASES QUARTERLY CASH DIVIDEND BY 5 PERCENT TO C$0.02625PER SHARE
* INCREASES QUARTERLY CASH DIVIDEND BY 5 PERCENT TO C$0.02625PER SHARE
* QTRLY PRODUCTION AVERAGED 76,408 BOE/D (21% OIL AND NGLS), A 5% DECREASE FROM Q4 2017.
* 2019 CAPITAL PROGRAM TARGETS ANNUAL AVERAGE PRODUCTION RATE OF 76,000 TO 78,000 BOE/D
* BIRCHCLIFF ENERGY - 2019 CAPITAL PROGRAM EXPECTED TO GENERATE APPROXIMATELY $330 MILLION OF ADJUSTED FUNDS FLOW
* SEES 2019 TOTAL F&D CAPITAL EXPENDITURES TO BE $204 MILLION
* POUCE COUPE GAS PLANT ANTICIPATED TO BE ONLINE IN Q3 2020
* PLANS TO INVEST APPROXIMATELY $84 MILLION IN GORDONDALE DURING 2019
* PLANS TO INVEST APPROXIMATELY $100 MILLION IN POUCE COUPE DURING 2019