March 16 (Reuters) - Nuvista Energy Ltd NVA.TO :
* NUVISTA ENERGY - REDUCED CAPITAL SPENDING PROGRAM FOR 2020 EFFECTIVE IMMEDIATELY TO REMAIN APPROXIMATELY IN LINE WITH FORECAST ADJUSTED FUNDS FLOW
* NUVISTA ENERGY LTD - FULL YEAR CAPITAL SPENDING HAS BEEN REDUCED FROM PRIOR GUIDANCE RANGE OF $300 - $330 MILLION TO NO MORE THAN $240 MILLION
* NUVISTA ENERGY LTD - Q1 CAPITAL SPENDING HAS BEEN REDUCED FROM $150 MILLION TO $135 MILLION
* NUVISTA ENERGY LTD - Q2 CAPITAL HAS BEEN REDUCED FROM $50 MILLION TO $30 MILLION
* NUVISTA ENERGY LTD - PRODUCTION FOR 2020 IS EXPECTED TO BE IN RANGE OF 54,000 - 57,000 BOE/D
* NUVISTA ENERGY LTD - CREDIT FACILITY DRAWINGS WILL BE MANAGED TO APPROXIMATELY $340 MILLION BY YEAR END 2020
* NUVISTA ENERGY LTD - WILL CONTINUE TO MONITOR COMMODITY PRICES AND WILL FINALIZE OUR POST-SPRING BREAKUP CAPITAL PROGRAM LATE IN Q2
* NUVISTA ENERGY LTD - HAVE FLEXIBILITY TO REDUCE 2020 SPENDING FURTHER, TO BELOW $200 MILLION IF COMMODITY PRICES EXHIBIT FURTHER SIGNS OF WEAKNESS
* NUVISTA ENERGY - FORECASTS TO BE ABOUT $400 MILLION DRAWN ON $550 MILLION CREDIT FACILITY AT MARCH END, AFTER Q1 WINTER DRILLING SEASON PEAK SPENDING PERIOD
* NUVISTA ENERGY LTD - AMOUNT OF BANK DEBT DRAWN IS EXPECTED TO BE REDUCED TO APPROXIMATELY $340 MILLION BY YEAR END 2020
* NUVISTA ENERGY LTD - IN AGGREGATE, 60% OF PROJECTED 2020 LIQUIDS PRODUCTION IS PROTECTED AT A WTI FLOOR PRICE OF C$77.24/BBL
* NUVISTA ENERGY LTD - BACKUP PLAN IS IN PLACE TO ENSURE MINIMUM CREWS FOR SAFE OPERATIONS IN EVENT OF CORONAVIRUS ESCALATION