May 17, 2017 / 1:17 AM / 6 months ago

BRIEF-Painted Pony announces closing of strategic Montney acquisition

May 16 (Reuters) - Painted Pony Petroleum Ltd:

* Painted Pony announces closing of strategic Montney acquisition, increased credit facilities and director appointments

* Anticipates 2017 annual average daily production to increase from approximately 260 mmcfe/d to about 290 mmcfe/d

* Exit production in 2017 is expected to be between 438 mmcfe/d (73,000 boe/d) and 450 mmcf/d

* 2017 capital spending program of $348 million

* To increase its credit facilities to $500 million Source text for Eikon: Further company coverage:

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