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BRIEF-Birchcliff Energy Q4 Earnings Per Share C$0.27

Published 2019-02-13, 04:19 p/m
© Reuters.  BRIEF-Birchcliff Energy Q4 Earnings Per Share C$0.27
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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

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