April 3 (Reuters) - Bellatrix Exploration Ltd BXE.TO :
* BELLATRIX ANNOUNCES ALDER FLATS PLANT PHASE 2 START-UP, UPDATED COMMODITY RISK MANAGEMENT CONTRACTS AND UPDATED 2018 GUIDANCE
* BELLATRIX IS REDUCING EXPECTED CAPITAL EXPENDITURE BUDGET TO A RANGE OF $55 TO $60 MILLION FOR 2018
* REDUCING EXPECTED CAPEX BUDGET WHICH REDUCES ANNUAL AVERAGE PRODUCTION GUIDANCE BY 1,000 TO 1,500 BOE/D FOR 2018