Pine Cliff Energy Ltd. Announces Debt Free Status and Confirms Monthly Dividend for July 29, 2022
Calgary, Alberta--(Newsfile Corp. - July 4, 2022) - Pine Cliff Energy Ltd. (TSX: PNE) ("Pine Cliff" or the "Company") announces that it has repaid in full, all term debt and insider debt as of June 30, 2022. Pine Cliff is one of the first Canadian public oil and gas producers to be debt free. Pine Cliff also confirms that a monthly dividend of $0.0083 per common share is to be paid July 29, 2022 to shareholders of record on July 15, 2022. The ex-dividend date is July 14, 2022. This monthly...
2022-07-04 5:47 PM EDT
Pine Cliff Energy Ltd. Announces Results of Shareholders' Meeting and Annual Stock Option Grant
Calgary, Alberta--(Newsfile Corp. - May 19, 2022) - Pine Cliff Energy Ltd. (TSX: PNE) ("Pine Cliff" or the "Company") is pleased to announce all matters presented for approval at the Annual General Meeting of Shareholders on May 19, 2022 (the "Meeting") have been approved. A total of 129,235,832 common shares representing 37.66% of Pine Cliff's issued and outstanding common shares were voted in connection with the Meeting. All of the nominees proposed as directors were duly elected. Each of...
2022-05-19 6:09 PM EDT
Pine Cliff Energy Ltd. Announces Record Quarterly Results, Declaration of Monthly Dividend, Debt Repayment and Operational Update
Calgary, Alberta--(Newsfile Corp. - May 4, 2022) - Pine Cliff Energy Ltd. (TSX: PNE) ("Pine Cliff" or the "Company") announces record first quarter financial and operating results, the declaration of a monthly dividend, repayment of debt and an operational update. First Quarter 2022 Highlights Pine Cliff's adjusted funds flow of $32.3 million generated during the first quarter of 2022 was the highest quarterly adjusted funds flow for the Company since inception. Highlights from the first...
2022-05-04 6:54 PM EDT
Pine Cliff Energy Ltd. Announces Record Annual Results and Filing of 2021 Disclosure Documents
Calgary, Alberta--(Newsfile Corp. - March 8, 2022) - Pine Cliff Energy Ltd. (TSX: PNE) ("Pine Cliff" or the "Company") announces its year-end financial and operating results and the filing of its 2021 disclosure documents 2021 and Fourth Quarter 2021 Highlights Pine Cliff's adjusted funds flow of $26.3 million generated during the fourth quarter of 2021 and $59.1 million for 2021 were the highest quarterly and annual adjusted funds flow for the Company since inception. Highlights from the...
2022-03-08 7:37 PM EST
Pine Cliff Energy Ltd. Announces 2021 Year-End Reserves and Provides Operations Update and 2022 Guidance
Calgary, Alberta--(Newsfile Corp. - February 8, 2022) - Pine Cliff Energy Ltd. (TSX: PNE) ("Pine Cliff" or the "Company") announces its 2021 year-end reserves and provides an operations update and 2022 guidance. Reserve Report Highlights Pine Cliff's independent reserve report was prepared by McDaniel & Associates Limited ("McDaniel") in accordance with National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities ("NI 51-101") with the effective date of December 31, 2021....
2022-02-08 6:26 PM EST
Pine Cliff Energy Ltd. Announces Closing of Private Company Acquisition
Calgary, Alberta--(Newsfile Corp. - December 29, 2021) - Pine Cliff Energy Ltd. (TSX: PNE) ("Pine Cliff" or the "Company") reports that it has closed the private company acquisition (the "Acquisition") announced on December 20, 2021. For further information, please contact: Philip B. Hodge - President and CEO Alan MacDonald -CFO and Corporate Secretary Telephone: (403) 269-2289 Fax: (403) 265-7488 Email: info@pinecliffenergy.com The TSX does not accept responsibility for the accuracy of this...
2021-12-29 7:52 PM EST
Pine Cliff Energy Ltd. Announces Strategic Acquisition, Update on Fourth Quarter Drilling Program and New Demand Loan Facility
Calgary, Alberta--(Newsfile Corp. - December 20, 2021) - Pine Cliff Energy Ltd. (TSX: PNE) ("Pine Cliff" or the "Company") is pleased to announce that it has entered into a definitive agreement (the "Agreement") to acquire all of the issued and outstanding common shares of a privately held oil and gas company for a cash purchase price of $22.2 million, prior to working capital adjustments (the "Acquisition"). The Acquisition further consolidates Pine Cliff's core Ghost Pine area and is...
2021-12-20 7:16 PM EST
Pine Cliff Energy Ltd. Announces Third Quarter 2021 Results and Update to 2021 Guidance
Calgary, Alberta--(Newsfile Corp. - November 4, 2021) - Pine Cliff Energy Ltd. (TSX: PNE) ("Pine Cliff" or the "Company") is pleased to announce the filing of its third quarter financial and operating results (the "Q3-Report"). Selected highlights are shown below and should be read in conjunction with the Q3-Report. Third Quarter 2021 Highlights The Company benefited from AECO 5A benchmark pricing averaging $3.58 per mcf for the quarter, resulting in Pine Cliff generating positive adjusted...
2021-11-04 6:54 PM EDT
Pine Cliff Energy Ltd. Announces Second Quarter 2021 Results, Partial Repayment of Term Debt and Update on Drilling Program
Calgary, Alberta--(Newsfile Corp. - August 4, 2021) - Pine Cliff Energy Ltd. (TSX: PNE) ("Pine Cliff" or the "Company") is pleased to announce the filing of its second quarter financial and operating results. Included in the filings were Pine Cliff's unaudited interim condensed consolidated financial statements and related management's discussion and analysis for the three and six months ended June 30, 2021 (the "Q2-Report"). Selected highlights are shown below and should be read in...
2021-08-04 5:37 PM EDT
Pine Cliff Energy Ltd. Announces Results of Shareholders' Meeting, and Annual Stock Option Grant
Calgary, Alberta--(Newsfile Corp. - May 19, 2021) - Pine Cliff Energy Ltd. (TSX: PNE) ("Pine Cliff" or the "Company") is pleased to announce all matters presented for approval at the Annual and Special Meeting of Shareholders on May 19, 2021 (the "Meeting") have been approved. A total of 127,921,923 common shares representing 38.05% of Pine Cliff's issued and outstanding common shares were voted in connection with the Meeting. All of the nominees proposed as directors were duly elected. Each...
2021-05-19 6:31 PM EDT
Pine Cliff Energy Ltd. Announces First Quarter 2021 Results
Calgary, Alberta--(Newsfile Corp. - May 5, 2021) - Pine Cliff Energy Ltd. (TSX: PNE) ("Pine Cliff" or the "Company") is pleased to announce the filing of its first quarter financial and operating results. Included in the filings were Pine Cliff's unaudited interim condensed consolidated financial statements and related management's discussion and analysis for the three months ended March 31, 2021 (the "Q1-Report"). Selected highlights are shown below and should be read in conjunction with the...
2021-05-05 6:45 PM EDT
Pine Cliff Energy Ltd. Announces Extension of Insider Loan Facility, Changes to Board of Directors and Provides Information Regarding Annual and Special Meeting of Shareholders
Calgary, Alberta--(Newsfile Corp. - April 20, 2021) - Pine Cliff Energy Ltd. (TSX: PNE) ("Pine Cliff" or the "Company") is pleased to announce that the term (the "Term") of the existing $4,000,000 loan facility (the "Facility") with an insider of the Company (the "Lender") was, by mutual consent of the Company and the Lender, extended to December 31, 2024. Amounts can be drawn, repaid and redrawn by the Company at any time during the Term and borrowings under the Facility are payable on...
2021-04-20 5:45 PM EDT
Pine Cliff Energy Ltd. Announces Annual 2020 Results and Filing of 2020 Disclosure Documents
Calgary, Alberta--(Newsfile Corp. - March 9, 2021) - Pine Cliff Energy Ltd. (TSX: PNE) ("Pine Cliff" or the "Company") is pleased to announce its year-end financial and operating results and the filing of its 2020 disclosure documents. Included in the filings were Pine Cliff's annual information form ("AIF"), which includes disclosure and reports related to reserves data and other oil and gas information pursuant to National Instrument 51‐101 Standards of Disclosure for Oil and Gas Activities...
2021-03-09 6:03 PM EST
Pine Cliff Energy Ltd. Provides Operations Update and Announces 2020 Year-End Reserves and 2021 Guidance
Calgary, Alberta--(Newsfile Corp. - February 10, 2021) - Pine Cliff Energy Ltd. (TSX: PNE) ("Pine Cliff" or the "Company") is pleased to provide an operations update and to announce its 2020 year-end reserves and 2021 guidance. Operations Update Pine Cliff's fourth quarter 2020 production averaged 19,130 Boe per day, weighted 91% to natural gas. This resulted in the average production for the year being 19,005 Boe per day, exceeding the Company's 18,500 to 19,000 annual 2020 guidance range....
2021-02-10 7:10 PM EST
Pine Cliff Energy Ltd. Announces Third Quarter 2020 Results
Calgary, Alberta--(Newsfile Corp. - November 3, 2020) - Pine Cliff Energy Ltd. (TSX: PNE) ("Pine Cliff" or the "Company") is pleased to announce the filing of its third quarter financial and operating results. Included in the filings were Pine Cliff's unaudited interim condensed consolidated financial statements and related management's discussion and analysis for the three and nine months ended September 30, 2020 (the "Q3-Report"). Selected highlights are shown below and should be read in...
2020-11-03 7:32 PM EST
Pine Cliff Energy Ltd. Announces Second Quarter 2020 Results and Insider Loan Facility
Calgary, Alberta--(Newsfile Corp. - August 5, 2020) - Pine Cliff Energy Ltd. (TSX: PNE) ("Pine Cliff" or the "Company") is pleased to announce the filing of its second quarter financial and operating results. Included in the filings were Pine Cliff's unaudited interim condensed consolidated financial statements and related management's discussion and analysis for the three and six months ended June 30, 2020 (the "Q2-Report"). Selected highlights are shown below and should be read in...
2020-08-05 8:15 PM EDT
Pine Cliff Energy Ltd. Announces Results of Shareholders' Meeting, Election of New Director and Annual Stock Option Grant
Calgary, Alberta--(Newsfile Corp. - May 21, 2020) - Pine Cliff Energy Ltd. (TSX: PNE) ("Pine Cliff" or the "Company") is pleased to announce all matters presented for approval at the annual meeting of shareholders on May 21, 2020 (the "Meeting") have been approved. A total of 99,008,064 common shares representing 30.21% of Pine Cliff's issued and outstanding common shares were voted in connection with the Meeting. All of the nominees proposed as directors were duly elected, including Ms....
2020-05-21 4:24 PM EDT
Pine Cliff Energy Ltd. Announces First Quarter 2020 Results and Annual General Meeting Update
Calgary, Alberta--(Newsfile Corp. - May 6, 2020) - Pine Cliff Energy Ltd. (TSX: PNE) ("Pine Cliff" or the "Company") is pleased to announce the filing of its first quarter financial and operating results. Included in the filings were Pine Cliff's unaudited interim condensed consolidated financial statements and related management's discussion and analysis for the three months ended March 31, 2020 (the "Q1-Report"). Selected highlights are shown below and should be read in conjunction with the...
2020-05-06 5:03 PM EDT
Pine Cliff Energy Ltd. Announces Annual 2019 Results and Filing of 2019 Disclosure Documents
Calgary, Alberta--(Newsfile Corp. - March 11, 2020) - Pine Cliff Energy Ltd. (TSX: PNE) ("Pine Cliff" or the "Company") is pleased to announce its year-end financial and operating results and the filing of its 2019 disclosure documents. Included in the filings were Pine Cliff's annual information form ("AIF"), which includes disclosure and reports related to reserves data and other oil and gas information pursuant to National Instrument 51‐101 Standards of Disclosure for Oil and Gas...
2020-03-11 8:22 PM EDT
Pine Cliff Energy Ltd. Provides Operational Update
Calgary, Alberta--(Newsfile Corp. - February 20, 2020) - Pine Cliff Energy Ltd. (TSX: PNE) ("Pine Cliff", or the "Company") is pleased to provide an update on its Pekisko oil development program which continues to demonstrate encouraging results. Pekisko Oil Development Program Update Following up on the drilling of its initial horizontal oil well ("13-33") in the fourth quarter of 2018, Pine Cliff drilled two gross (2.0 net) Pekisko horizontal oil wells during the fourth quarter of 2019. The...
2020-02-20 8:00 AM EST