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BIR Birchcliff Energy News Story

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BRIEF-Birchcliff Energy Ltd. Announces 2022 Budget, Guidance And Updated Five Year Plan

Jan 19 (Reuters) - Birchcliff Energy Ltd  BIR.TO :
    * BIRCHCLIFF ENERGY LTD. ANNOUNCES 2022 BUDGET, GUIDANCE AND
UPDATED FIVE YEAR PLAN
    * BIRCHCLIFF ENERGY LTD SEES ANNUAL AVERAGE PRODUCTION
78,000 -
80,000 BOE/D
    * BIRCHCLIFF ENERGY - BOARD HAS APPROVED F&D CAPITAL BUDGET
OF
$240 MILLION TO $260 MILLION
    * BIRCHCLIFF ENERGY LTD - EXPECT TO GENERATE ABOUT $590
MILLION OF
ADJUSTED FUNDS FLOW IN 2022
    * BIRCHCLIFF ENERGY LTD - EXPECT TO GENERATE $330 MILLION TO
$350
MILLION OF FREE FUNDS FLOW IN 2022
    * BIRCHCLIFF ENERGY - FREE FUNDS FLOW GENERATED IN 2022 WILL
BE
PRIMARILY ALLOCATED TOWARDS DEBT REDUCTION

Source text for Eikon:  ID:nGNX9XkbNz 
Further company coverage:  BIR.TO 

 ((Reuters.Briefs@thomsonreuters.com;))

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