SHAREHOLDERS' CAPITAL (Tables)

12 Months Ended

Dec. 31, 2017

Disclosure of share capital, reserves and other equity interest [Abstract]



	2017			2016
	Number	Amount ($000s)		Number	Amount ($000s)
Common shares, opening balance	49,317,166	$	1,068,084	38,392,782	$	1,000,100
Shares issued on settlement of share-based compensation	60,860	289		55,953	285
Share issue costs on property acquisition, net of tax effect	—	—		—	(98		)
Issued for cash on equity issue ⁽¹⁾	—	—		6,758,916	40,400
Share issue costs on equity issue, net of tax effect	—	4		—	(1,781		)
Shares issued for property acquisition	—	—		4,109,515	29,178
Balance, end of year	49,378,026	$	1,068,377	49,317,166	$	1,068,084

(1) In August 2016, Bellatrix issued 5,000,000 subscription receipts at a price of $6.00 per subscription receipt for total gross proceeds of $30 million. Proceeds were used to reduce indebtedness under the Company’s credit facilities. Additionally, in October 2016, Bellatrix issued 1,694,915 common shares on a “flow-through” basis in respect of Canadian Development Expenses (“CDE”) at a price of $5.90 per share resulting in gross proceeds of $10 million.