November 3, 2016 / 9:47 PM / a year ago

BRIEF-Bonavista Energy Corp announces 2016 third quarter results

Nov 3 (Reuters) - Bonavista Energy Corp

* Bonavista Energy Corp - Qtrly funds from operations of $66.8 million ($0.26 per share)

* Bonavista Energy Corp- Anticipate 2016 production to average approximately 68,500 boe per day

* Bonavista Energy Corp - With current production at 71,000 boe per day, we anticipate 2016 production to average approximately 68,500 boe per day

* Qtrly loss per share $0.11

* Qtrly natural gas (MMcf/day) production 260 versus 324

* Bonavista Energy -Board has approved a preliminary 2017 e&d capital budget of between $280 and $300 million, drilling between 55 and 65 net wells

* Qtrly adjusted loss per share $0.08

* Q3 earnings per share view C$-0.05 -- Thomson Reuters I/B/E/S

* Qtrly total oil equivalent (boe/day) production 64,160 versus 78,599

* Bonavista Energy Corp - Sees to generate production between 73,500 and 75,500 boe per day for FY 2017

* Bonavista Energy-Current production from acquired liquids rich natural gas assets in core regions is 6,900 boe per day

* Bonavista Energy-Cashless deal of buying liquids rich natural gas assets will result in incremental 8,500 boe per day of production in core areas

* Bonavista Energy-Cashless deal of buying liquids rich natural gas assets will result in $38 million of funds from operations forecasted for 2017

* Bonavista Energy- Have agreements to divest of approximately 2,900 boe per day of assets for total proceeds of approximately $118 million

* Bonavista Energy - Board has approved a preliminary 2017 e&d capital budget of between $280 and $300 million, drilling between 55 and 65 net wells

* Bonavista Energy Corporation announces 2016 third quarter results Source text for Eikon: Further company coverage:

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