Pine Cliff is pleased to announce its 2013 year-end reserves. Pine Cliff's independent reserve report was prepared by McDaniel & Associates Limited in accordance with National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities with the effective date of December 31, 2013. As a result of three acquisitions in 2013, Pine Cliff is pleased to report significant increases in its reserve base in 2013. The [...]
Pine Cliff is pleased to announce its 2014 guidance and to provide an operational update on both its oil and gas and mineral divisions. 2014 Guidance: Pine Cliff remains committed to an accretive acquisition program in 2014 while continuing to focus on maintaining a strong balance sheet, which includes minimal or no debt. Pine Cliff's Board of Directors has approved a 2014 capital budget of $12.5 million, primarily to [...]
Pine Cliff Energy announces that it has granted an aggregate of 2,588,000 stock options to its directors, officers, employees and certain service providers, of which 1,410,000 were granted to its directors and officers. The stock options vest between one to three years, have an exercise price of $1.12 per share and will expire between May 14, 2015 and May 14, 2017. The total number of Pine Cliff common shares reserved for [...]
Pine Cliff Energy is pleased to announce its third quarter financial and operating results. Selected highlights are shown below and should be read in conjunction with the Company's interim condensed consolidated financial statements and the related management's discussion and analysis for the three months and nine months ended September 30, 2013 (the "Q3-2013 Report").
Pine Cliff Energy is pleased to announce that it has closed its previously announced short form prospectus offering of 18,200,000 common shares at a price of $1.10 per common share for gross proceeds of $20,020,000. The Offering was made pursuant to an underwriting agreement with a syndicate of underwriters led by Paradigm Capital Inc. and including Clarus Securities Inc., AltaCorp Capital Inc., FirstEnergy Capital Corp [...]
/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES NEWSWIRE SERVICES/ CALGARY, Oct. 3, 2013 /CNW/ - Pine Cliff Energy Ltd. ("Pine Cliff" or the "Corporation") (TSX Venture: PNE) is pleased to announce that in connection with its previously announced marketed offering of common shares in the capital of Pine Cliff ("Common Shares"), it has entered into an underwriting agreement (the "Underwriting Agreement [...]
Pine Cliff Energy is pleased to announce that it has filed and obtained a receipt for a preliminary short form prospectus in connection with a marketed offering of common shares in the capital of Pine Cliff for aggregate gross proceeds of approximately $20,020,000 at a price of $1.10 per Common Share.
Pine Cliff Energy is pleased to announce that the previously announced acquisition of additional working interests in the Monogram Unit and the Southern Alberta and Southern Saskatchewan properties for cash consideration of $13.25 million, prior to adjustments, has closed. Pine Cliff now owns a 90.7639% working interest in the Monogram Unit and an approximate 96% working interest in the Southern Alberta and the Southern [...]
Pine Cliff Energy is pleased to announce its second quarter financial and operating results. Selected highlights are shown below and should be read in conjunction with the Company's interim condensed consolidated financial statements and the related management's discussion and analysis for the three months and six months ended June 30, 2013.
Pine Cliff Energy is pleased to announce that the previously announced acquisition of an additional working interest in the Monogram unit and related infrastructure in the Province of Alberta for cash consideration of $34 million, prior to adjustments, has closed. Pine Cliff now has production of approximately 6,000 barrels of oil equivalent ("BOE") per day, weighted approximately 96% towards natural gas. Pine Cliff's [...]
Pine Cliff Energy is pleased to announce that it has entered into an arm's length purchase and sale agreement to purchase additional interests in the Southern Alberta and Southern Saskatchewan properties that Pine Cliff had originally acquired an interest in through the acquisition of Skope Energy Inc. in February 2013. As part of the Acquisition, the current asset management agreement governing Pine Cliff's current and [...]
Pine Cliff Energy is pleased to announce that it has closed its previously announced short form prospectus offering of 28,500,000 common shares at a price of $0.88 per common share for gross proceeds of $25,080,000. The Offering was made pursuant to an underwriting agreement with a syndicate of underwriters led by Paradigm Capital Inc. and including Clarus Securities Inc., AltaCorp Capital Inc., Haywood Securities Inc [...]