Eagle Energy Inc. provided financial and operating guidance for 2017. The company expects 2017 ending net debt to be $71.2 million, thus affording Eagle approximately $13 million in combined working capital and undrawn term loan availability at the end of 2017. The company's expanded credit base, coupled with its 2017 expected funds flow from operations has allowed a four-fold increase in the capital budget from 2016. For 2017, the company expects capital budget of $22.8 million ($12.5 million for its operations in the United States and $6.6 million for its operations in Canada). Included in the $12.5 million capital budget is $3.5 million for land acquisitions on seismically-defined play trends in Eagle's Hardeman area, which will provide a platform for economic production growth in future years. 2017 funds flow from operations of $16.0 million ($0.38 per share), consistent with 2016 expected levels and incorporating a 16% forecast decrease year-over-year of general and administrative expenses. For 2017, the company expects production guidance of 3,800 to 4,000 barrels of oil equivalent per day (boe/d) (including working interest and royalty interest volumes), resulting in 8% year-over-year fourth quarter production growth. Eagle's proved developed producing corporate decline rate is approximately 18% per annum.