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Stock Market & Financial Investment News

News Breaks
July 3, 2014
08:04 EDTBXEBellatrix Exploration announced Ferrier Area Gas Plants returns to full capacity
Bellatrix Exploration announced that the Ferrier Area Gas Plants, that had been shut in for scheduled and unscheduled plant turnarounds in the first half of 2014 resulting in significant production restrictions, have returned to full capacity as of June 30. Bellatrix's daily production is estimated to have averaged 36,600 boe/d in the second quarter due to these restrictions. With removal of these restrictions production is currently estimated to be 40,000 boe/d. In addition the company has 4,000 boe/d behind pipe that is expected to come on-stream in July. Based on the timing of proposed expenditures, normal production declines, and execution of the revised $500M 2014 capital budget the company reaffirms its unchanged 2014 average daily production guidance of approximately to +/- 41,000 boe/d and an exit rate guidance of approximately +/- 48,000 boe/d.
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September 11, 2014
08:08 EDTBXEBellatrix Exploration's September production reduced by two offline gas plants
Bellatrix Exploration has been put on notice that two third party operated gas plants in the Ferrier / Willesden Green area are going offline during the third week of September. These temporary plant outages are expected to result in an aggregate net production restriction of 30K Boe which is estimated to have an average impact on Bellatrix's net production of 1,000 Boe/d for the month of September. After giving effect to the aforementioned and continued tightness in available processing capacity, Bellatrix's daily production is anticipated to average approximately +/- 40,500 Boe/d in Q3. This would represent an 11% increase over Q2 production volumes of 36,342 Boe/d and an 85% increase over 3Q13 volumes of 21,852 Boe/d. Current daily production is estimated at +/- 42K Boe/d. The company reaffirms its unchanged exit rate guidance of approximately +/- 48K Boe/d.

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