Birchcliff Energy is pleased to announce excellent financial and operational results for the third quarter of 2013 with record funds flow, significant earnings and a continued decrease in per unit operating costs. Birchcliff is also pleased to announce a $59 million disposition of a non-core asset. We confirm previously announced 2013 fourth quarter and year end exit production guidance and provide 2014 preliminary [...]
Birchcliff Energy is pleased to announce excellent financial and operational results for the third quarter of 2013 with record funds flow, significant earnings and a continued decrease in per unit operating costs. Birchcliff is also pleased to announce a $59 million disposition of a non-core asset. We confirm previously announced 2013 fourth quarter and year end exit production guidance and provide 2014 preliminary [...]
Birchcliff Energy is pleased to announce its strong financial and operational results for the second quarter of 2013 with record funds flow, significant earnings, a continued decrease in per unit operating costs and an increase in its credit facilities. Birchcliff confirms its previously announced annual and year end exit production guidance. The full 2013 Second Quarter Report, containing the unaudited interim condensed [...]
Birchcliff Energy is pleased to announce its strong financial and operational results for the second quarter of 2013 with record funds flow, significant earnings, a continued decrease in per unit operating costs and an increase in its credit facilities. Birchcliff confirms its previously announced annual and year end exit production guidance. The full 2013 Second Quarter Report, containing the unaudited interim condensed [...]
Calmena Energy and Birchcliff regret to report that late this morning a 32-year old man, employed by Calmena, died of injuries suffered in a fall on a drilling rig in northwestern Alberta. At the time of the incident the drilling rig, owned and operated by Calmena, was drilling surface hole on a Birchcliff lease, located approximately 40 km east of Dawson Creek.
Birchcliff Energy regrets to announce the passing of Gordon W. (Scotty) Cameron, on June 18, 2013, a founding shareholder and Director of Birchcliff, at the age of 82. "We are deeply saddened by the loss of our friend, Scotty Cameron" said Jeff Tonken, President and CEO of Birchcliff. "Scotty was an experienced oilman, a dedicated and diligent director whose strong leadership has been invaluable to Birchcliff. Prior to [...]
Birchcliff Energy is pleased to announce that it has closed its previously announced marketed offering by way of short form prospectus, of two million Cumulative Redeemable Preferred Shares, Series C, with a 7% yield, at a price of $25.00 per Preferred Share, Series C, for gross proceeds of $50,000,000 (the "Offering"). Holders of Preferred Shares, Series C will be entitled to receive, as and when declared by the Board of [...]
Birchcliff Energy today announced that its Board of Directors has declared a quarterly cash dividend of $0.50 per share for the calendar quarter ending on June 30, 2013, on Birchcliff's outstanding Cumulative Redeemable Preferred Shares, Series A. The dividend is payable on July 2, 2013 to shareholders of record as at the close of business on June 21, 2013. The dividend is designated as an eligible dividend for purposes [...]
Birchcliff Energy is pleased to announce that in connection with its previously announced marketed offering of cumulative redeemable preferred shares, Series C ("Preferred Shares, Series C"), it has entered into an underwriting agreement with a syndicate of underwriters and has filed an amended and restated preliminary short form prospectus (the "Amended Preliminary Prospectus"), which amends and restates the [...]