Birchcliff Energy Ltd. provided earnings and production guidance for the full year of 2016 and production guidance for the first quarter Of 2016. For the year, the company reduced its planned capital expenditures for 2016 by $12 million to $128 million, down from $140 million.

For the year, the company's current production is approximately 42,000 boe per day. The company confirms its 2016 annual average production guidance of 40,000 to 41,000 boe per day.

For the first quarter, the company expects average production is forecast to be 41,500 to 42,000 boe per day.

The company has drilled seven (7.0 net) wells year-to-date, consisting of six (6.0 net) Montney/Doig horizontal natural gas wells in the Pouce Coupe area and one (1.0 net) Charlie Lake horizontal light oil well in the Worsley area. The Charlie Lake well was drilled to continue 18 sections of land and in addition successfully delineated the pool to the northeast. The well was recently brought on, but it is still too early to establish production rates for this well. The company currently has two drilling rigs at work, both of which are drilling Montney/Doig horizontal natural gas wells in the Pouce Coupe area.