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BRIEF-Baytex reports Q4 FFO per share C$0.36

March 7 Baytex Energy Corp:

* Baytex reports 2016 results, strong reserves growth in the Eagle Ford and resumption of drilling activity in Canada

* Q4 FFO per share C$0.36

* Baytex Energy Corp - generated production of 65,136 boe/d (79pct oil and NGL) during Q4

* Baytex Energy Corp- have also initiated 2017 drilling program at Peace River with two rigs currently running

* Baytex Energy Corp - expect to deliver 3-4pct exit rate production growth this year

* Baytex Energy Corp- plan to drill a total of 11 net multi-lateral horizontal wells and 8 net stratigraphic test wells at Peace River in 2017

* Baytex Energy Corp - our 2017 production guidance range is 66,000 to 70,000 BOE/D with budgeted exploration

* Sees 2017 development capital expenditures of $300 million to $350 million

* Baytex Energy Corp - for full-year, approximately 70pct of our planned capital expenditures will be directed to our Eagle Ford operations Source text for Eikon: Further company coverage:

我们的标准: 汤森路透“信任原则

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