Pine Cliff Energy Ltd. 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, 2019 . Selected highlights are shown below and should be read in conjunction with the Q3-Report. The third [...]
Pine Cliff Energy Ltd. is pleased to announce that it has entered into an agreement to refinance its existing $30 million in promissory notes due on September 30, 2020. Additionally, Pine Cliff has extended the term of its subordinated debt with insiders of the Company totaling $12 million . Refinancing of Notes Pine Cliff has entered into a credit agreement with Alberta Investment Management Corporation , acting on [...]
Pine Cliff Energy Ltd. 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, 2019 . Selected highlights are shown below and should be read in conjunction with the Q2-Report. After a strong [...]
Pine Cliff Energy Ltd. is pleased to announce that its previously announced acquisition to acquire oil and natural gas assets in the Ghost Pine area of Central Alberta for net cash consideration of $8.6 million, after estimated closing adjustments , has now closed. Pine Cliff is also pleased to announce that is has closed both private placements of flow through shares for gross proceeds of $4.0 million and common shares [...]
Pine Cliff Energy Ltd. is pleased to announce all matters presented for approval at the annual and special meeting of shareholders on May 15, 2019 have been approved. A total of 112,989,395 common shares representing 36.80% 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 and each of the directors received the [...]
Pine Cliff Energy Ltd. has completed its semi-annual borrowing base review and has entered into a Restated Credit Agreement with its banking syndicate of Canadian Financial Institutions for a $5.0 million revolving credit facility, consisting of a $2.7 million operating facility and $2.3 million syndicated facility . The Credit Facility matures on July 28, 2019 and any amounts drawn are payable on that date. As of May 14 [...]
Pine Cliff Energy Ltd. 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, 2019 . Selected highlights are shown below and should be read in conjunction with the Q1-Report. First Quarter 2019 [...]
Pine Cliff Energy Ltd. is pleased to announce that it has entered into an agreement to acquire oil and natural gas assets in the Ghost Pine area of Central Alberta for net cash consideration of $8.6 million, after estimated closing adjustments . The Acquisition will have an effective date of October 1, 2018 and is expected to close on or around May 31, 2019 . The purchase and sale agreement related to the Acquisition [...]
Pine Cliff Energy Ltd. is pleased to announce its year-end financial and operating results, the filing of its 2018 disclosure documents and an operations update on the oil well drilled in Q4 2018. Included in the filings were Pine Cliff's annual information form , which includes disclosure and reports related to reserves data and other oil and gas information pursuant to National Instrument 51‐101 Standards of Disclosure [...]
Pine Cliff Energy Ltd. is pleased to announce 2019 guidance and 2018 year-end reserves. 2019 Guidance Pine Cliff’s Board of Directors has approved a 2019 capital budget of $10.0 million that will be funded from adjusted funds flow. Pine Cliff intends to spend approximately $1.9 million drilling four wells in the liquids rich Edson area of Alberta, $1.7 million drilling one oil well in Central Alberta, $3.9 million [...]
Pine Cliff Energy Ltd. 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, 2018 . Selected highlights are shown below and should be read in conjunction with the Q3-Report. Third Quarter [...]
Pine Cliff Energy Ltd. 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, 2018 . Selected highlights are shown below and should be read in conjunction with the Q2-Report. SECOND QUARTER 2018 [...]
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