09:54 AM EST - Bellatrix Exploration Ltd. : announced updated 2012 capital expenditure plans and guidance. An initial capital budget of $180 million had been set for fiscal 2012. In light of the current weak commodity pricing environment, the Company now expects to spend between $140 to $150 million in capital expenditures during 2012. Based on the timing of proposed expenditures, downtime for anticipated plant turnarounds, resolution of infrastructure constraints and normal production declines, execution of the 2012 budget is anticipated to provide 2012 average daily production of approximately 16,500 boe/d to 17,000 boe/d. At the end of Q1 2012, the Company raised its 2012 exit rate guidance by 1,000 boe/d. Bellatrix Exploration Ltd.
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