Bellatrix Exploration Ltd. revised production and capital expenditure guidance for the year 2017. The company announced updated 2017 guidance, with continued investment in the low cost Spirit River liquids rich natural gas play, which is supported by strategic infrastructure ownership and operatorship. Bellatrix's Board of Directors has approved a net capital expenditure budget of $120 million in 2017, representing an increase of $15 million. The increase includes the addition of approximately four net Spirit River wells to be drilled during the second half of the year, bringing the total anticipated second half drilling program to approximately 13 net wells. By reinvesting less than half of the gross proceeds of the Strachan asset sale into the Company’s Spirit River play, Bellatrix expects to maintain its previously announced 2017 average daily and exit production volumes at 34,500 boe/d and 35,500 boe/d, respectively, while also reducing outstanding indebtedness, thereby enhancing the Company's already strong liquidity position.