January 20, 2011 / 2:37 PM / 7 years ago

UPDATE 1-Eagle Energy says 2010 exit prod at higher end of view

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* Sees 2011 avg prod of 1,900-2,100 bpd of light oil * Sees 2011 capex of $22.9 mln

Jan 20 (Reuters) - Eagle Energy Trust EGL_u.TO said its 2010 interest exit production rate came in at the higher end of its outlook, helped by the 13 newly-drilled wells at the Salt Flat field in Texas.

The newly-formed energy trust expects to achieve 2011 average production of 1,900-2,100 barrels per day (bpd) of light oil at costs of $10-$11.50 per barrel.

Eagle Energy, which had exit production rate of 1,300 bpd last year, set a capital budget of $22.9 million for this year.

The Calgary-based trust's units fell 10 Canadian cents to C$10.65 in opening trade on Thursday on the Toronto Stock Exchange. (Reporting by Arnika Thakur in Bangalore; Editing by Unnikrishnan Nair)

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