Bellatrix Exploration Ltd (Canada) BXEFF

Alder Flats

[radcat]

They still own 25% of the Alder Flats gas plant, don't they? Dump it!! Negotiate that BXE production gets first priority as a condition of sale. Gas plant is now a luxury they cannot affod to keep


.Total natural gas liquid ("NGL") recoveries (including plant condensate) at the Bellatrix O'Chiese Nees-Ohpawganu'ck deep-cut plant at Alder Flats (the "Alder Flats Plant") remain strong, with NGL sales yields of approximately 66 bbl/MMcf in the first half of 2019, compared to first half 2018 total sales yields of approximately 55 bbl/MMcf. Given continued strong liquids recoveries, Bellatrix's corporate liquids weighting has averaged 29% year to date, resulting in a commensurate improvement in our 2019 full year average guidance expectation to 29%, up from 28% previously. During the second quarter, Bellatrix completed a planned five-day turnaround at the Alder Flats Plant, which was completed safely, on-time, and on-budget.