Jan 16 (Reuters) - Peyto Exploration & Development Corp PEY.TO :
* PEYTO ANNOUNCES STRATEGIC THREE YEAR PLAN
* PEYTO EXPLORATION & DEVELOPMENT CORP - EXIT YEAR AT 94,000 BOE/D PRODUCTION
* PEYTO EXPLORATION & DEVELOPMENT - PRELIMINARY 2019 CAPITAL BUDGET ANNOUNCED NOV 7, 2018, RANGING FROM $250-$300 MILLION, REDUCED TO $150 TO $200 MILLION
* PEYTO EXPLORATION & DEVELOPMENT CORP - CONDENSATE AND NATURAL GAS LIQUIDS PRODUCTION EXITED YEAR AT A 12,000 BBL/D
* PEYTO EXPLORATION & DEVELOPMENT - IN 2020 & 2021 PLANS TO RAMP-UP CAPITAL INVESTMENT WITH CAPITAL PROGRAMS OF ABOUT $270 & $320 MILLION AT COST SIMILAR TO 2019
* PEYTO EXPLORATION & DEVELOPMENT CORP - WILL BE ACTIVELY MARKETING MIDSTREAM PROCESSING OPPORTUNITIES FOR ITS EXCESS CAPACITY
* PEYTO - IN 2020 AND 2021 PEYTO PLANS TO RAMP-UP CAPITAL INVESTMENT WITH CAPITAL PROGRAMS OF APPROXIMATELY $270 AND $320 MILLION AT A COST SIMILAR TO 2019
* PEYTO EXPLORATION & DEVELOPMENT - STARTING WITH JANDIV DIVIDEND, MONTHLY DIVIDEND TO BE TEMPORARILY REDUCED FROM CURRENT $0.06/SHARE TO $0.02/SHARE
* PEYTO EXPLORATION & DEVELOPMENT - COMBINATION OF REDUCED CAPITAL PROGRAM & TEMPORARY DIVIDEND REDUCTION TO ALLOW CO TO MATERIALLY REDUCE INDEBTEDNESS
* PEYTO EXPLORATION & DEVELOPMENT CORP - FUTURE NATURAL GAS PRICE REALIZATIONS IN ALBERTA ARE EXPECTED TO IMPROVE SIGNIFICANTLY OVER NEXT SEVERAL YEARS