Birchcliff Energy Ltd. Reports Unaudited Operating Results for the Fourth Quarter and Year Ended December 31, 2018; Provides Operating Guidance for the Year 2019
For the year, the company reported total production of 77,096 boe/d as compared to 67,963 boe/d for the same period last year.
The 2019 capital program targets an annual average production rate of 76,000 to 78,000 boe/d which is expected to generate approximately $330 million of adjusted funds flow.