BRIEF-Whitecap Resources increases its 2016 capital program to $148 mln from previous guidance of $70 mln

Mon Apr 11, 2016 8:22am EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

April 11 (Reuters) - Whitecap Resources Inc

* Announces an increase to its 2016 capital program by $78 million to $148 million from previous guidance of $70 million

* Increased capital program will be funded by reducing monthly dividend to $0.0233 per share and increased funds flow

* Increased capital funded by reducing monthly dividend to $0.0233/share from $0.0375/share and increased funds flow

* Revises 2016 average production to 39,500 boe/d from 38,800 boe/d Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1 646 223 8780)