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Stock Market & Financial Investment News

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January 7, 2014
08:12 EDTBXEBellatrix Exploration exists 2013 with record production
Bellatrix exited 2013 with a record production level of 38,000 boe/d and with approximately 2,000 boe/d behind pipe waiting to be brought on production due to infrastructure constraints. These current Infrastructure constraints are anticipated to be removed by mid-January 2014 after which time the Company's field production is expected to be at +/- 40,000 boe/d.
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September 30, 2014
08:08 EDTBXEBellatrix Exploration enters into joint venture with CNOR
Bellatrix Exploration entered into a new multi-year joint venture arrangement with Canadian Non-Operated Resources, or CNOR, a non-operated oil and gas company managed by Grafton Asset Management pursuant to which CNOR has committed $250M in capital towards future accelerated development of a portion of Bellatrix's extensive undeveloped land holdings. Between Grafton Fund 1 and CNOR, a total of $500M has now been committed to the development of Bellatrix's lands. Under the terms of the agreement, CNOR will pay 50% of the drilling, completion, equipping and tie-in capital expenditures associated with development plans to be proposed by Bellatrix and approved by a management committee comprised of representatives of Bellatrix and CNOR in order to earn 33% of Bellatrix's working interest before payout and automatically converting to a 10.67% gross overriding royalty on Bellatrix's pre-joint venture working interest after payout. The joint venture funding is available immediately; however, Bellatrix expects the funds to be spent primarily from 2016 through 2018.
September 25, 2014
10:00 EDTBXEBellatrix Exploration management to meet with Northland
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