March 23, 2011 / 9:41 PM / 7 years ago

UPDATE 1-Cequence Energy raises 2011 production, capex view

* Sees 2011 production at 9,200 boe/d

* Sees 2011 capex of C$100 mln

March 23 (Reuters) - Oil and gas explorer Cequence Energy Ltd raised its annual production outlook 7 percent and nearly doubled its capital expenditure view after a successful winter drilling program at Wilrich and Montney plays in Simonette, Alberta.

The Calgary, Alberta-based company said it sees 2011 capital expenditure at C$100 million, up from C$55 million expected earlier, and dispositions of about C$29.5 million.

Average daily production is expected to be 9,200 barrels of oil equivalent per day (boe/d), up from the previous outlook of 8,600 boe/d. Exit production is now seen at 10,000 boe/d.

Cequence shares closed about 4 percent up at C$3.75 on Wednesday on the Toronto Stock Exchange. (Reporting by Arnika Thakur in Bangalore; Editing by Joyjeet Das)

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