Cequence Energy Ltd. revised earnings guidance for the full year of 2015. The company is providing updated outlook and guidance contingent on the closing of the transaction with Kanata Energy Group Ltd. For the period, the company expects average production of 11,500 BOE/d. Funds from operations expected to be $38,500,000 compared to previous guidance of $40,000,000. Funds from operations per share expected to be $0.19 compared to previous guidance of $0.18.

Capital expenditures, net of dispositions expected to be $40,000,000 compared to previous guidance of $60,000,000. Year end 2015 net debt is expected to be $73 million based on the company's anticipated funds flow of $38.5 million.