04:44 PM EDT, 03/12/2025 (MT Newswires) -- Birchcliff Energy ( BIREF ) on Wednesday updated its 2025 guidance, boosting some estimates on expectations natural-gas prices will continue to improve.

Chief Executive Chris Carlsen said the company's 2025 outlook for adjusted funds flow has improved "significantly" due to rising natural gas prices, particularly for Nymex's Henry Hub contract and the Dawn gas hub in Southern Ontario.

The company raised its target for adjusted funds flow of $580 million, up from its January outlook of $445 million. In now expects free funds flow of between $280 million to $320 million, up from $145 million to $185 million, and total debt at year-end 2025 ranging from $265 million to $305 million, down from it initial estimate of $410 million to $450 million. Production and expense guidance was unchanged

Carlsen said Birchcliff also completed a horizontal land retention well in Elmworth in February, which was drilled in the third quarter. A 10.5-day flow test resulted in a stabilized raw gas rate of 17-million cubic feet per day during the final three days.

"The results of this test further support our long-term growth plans for our Elmworth asset, which provides us with significant future drilling inventory and growth potential, and we are continuing the formal planning for the construction of a proposed 100% owned and operated natural gas processing plant in the area," he said.

The company's shares closed up $0.23 to $5.30 on the Toronto Stock Exchange.