April 11, 2016 / 12:27 PM / a year ago

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

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)

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