Freehold Royalties Ltd. revised production and capital expenditure guidance for the fiscal year 2015. Based on level of capital investment, anticipated reduced drilling activity by operators of royalty lands and normal production declines (and excluding any potential acquisitions), The company expects 2015 production to average approximately 9,800 boe/d compared to the previous guidance of 9,700 boe/d. Capital expenditures are expected to be $25 million compared to the previous guidance of $30 million.