Jan 2 (Reuters) - Eagle Energy Inc EGL.TO :
* EAGLE ENERGY PROVIDES OPERATIONAL UPDATE AND ENTERS INTO A FORBEARANCE AGREEMENT
* EAGLE ENERGY INC - UNDER FORBEARANCE AGREEMENT LENDERS HAVE AGREED TO FORBEAR FROM EXERCISING RIGHTS UNTIL JANUARY 31, 2019
* EAGLE ENERGY - IMPLEMENTED SELECTIVE WELL SHUT-IN PROGRAM AT DIXONVILLE FIELD IN ORDER TO MAXIMIZE CASHFLOW FROM PROPERTY
* EAGLE ENERGY - BY IMPLEMENTING SELECTIVE SHUT-IN PROGRAM, ABLE TO REMAIN CASHFLOW POSITIVE AT FIELD LEVEL FOR Q4
* EAGLE ENERGY INC - CONTINUES TO WORK WITH ADVISORS TO EVALUATE AND CONSIDER POSSIBLE ASSET SALES