News

Pine Cliff's Board of Directors has approved a capital budget of $18.5 million for 2017. Pine Cliff anticipates directing $13.5 million of the capital budget to drilling in the Edson and Viking areas of Alberta and conducting recompletions in various areas.

Pine Cliff Energy Ltd. ("Pine Cliff" or the "Company") (TSX:PNE) announces the resignation of Kristi Kunec, Chief Financial Officer and Corporate Secretary, effective January 16, 2017. The Company would like to thank Ms. Kunec for her leadership and contributions during her tenure and wish her all the best in the future.

Pine Cliff Energy Ltd. ("Pine Cliff") (TSX:PNE) announces that it has granted an aggregate of 10,284,000 stock options to its directors, officers, employees and certain service providers, of which 4,856,000 were granted to its directors and officers.

Pine Cliff Energy Ltd. ("Pine Cliff" or the "Company") (TSX:PNE) is pleased to announce that it has closed its previously announced disposition of non-core oil assets for $31.4 million, prior to any closing adjustments, consisting of $26.6 million in cash and $4.8 million in TSX-listed common shares of the purchaser.

Pine Cliff Energy Ltd. ("Pine Cliff" or the "Company") (TSX:PNE) is pleased to announce that it has entered into an agreement to sell a non-core oil asset (the "Disposed Assets") for $31.4 million, prior to any closing adjustments (the "Disposition"), consisting of approximately $26.4 million in cash and approximately $5.0 million in TSX-listed common shares of the purchaser.

Pine Cliff Energy Ltd. ("Pine Cliff" or the "Company") (TSX:PNE) is pleased to announce its third quarter financial and operating results. Included in the filings were Pine Cliff's condensed consolidated interim financial statements and related management's discussion and analysis for the period ended September 30, 2016 (the "Q3-Report"). Selected highlights are shown below and should be read in conjunction with the Q3-Report.

Pine Cliff Energy Ltd. ("Pine Cliff" or the "Company") (TSX:PNE) is pleased to announce that it has completed its semi-annual borrowing base redetermination and has renewed its credit facilities with its banking syndicate of Canadian Financial Institutions (the "Syndicate").

Pine Cliff Energy Ltd. ("Pine Cliff" or the "Company") (TSX:PNE) is pleased to announce that it has issued subordinated floating charge debentures to insiders of the Company for a total of $11 million (the "Debentures"), entered into a purchase and sale agreement to sell a non-core oil asset for $5.5 million (the Disposition") and extended its semi-annual borrowing base redetermination with its banking syndicate of Canadian Financial Institutions (the "Syndicate") until August 10, 2016.

Pine Cliff Energy Ltd. ("Pine Cliff" or the "Company") (TSX:PNE) is pleased to announce that it has closed its previously announced disposition of fee title land and other minor overriding royalty interests for cash consideration of $25 million, prior to any closing adjustments.

Pine Cliff Energy Ltd. ("Pine Cliff" or the "Company") (TSX:PNE) is pleased to announce that it has entered into an agreement to sell its fee title land and other minor overriding royalty interests (the "Royalty Assets" or the "Disposed Assets") for cash consideration of $25 million, prior to any closing adjustments (the "Disposition"). The Disposition will have an effective date of June 1, 2016 and is expected to close on or around June 30, 2016. The agreement related to the Disposition is subject to various standard conditions, including the approval of the Company's banking syndicate.