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Pine Cliff Energy Ltd T.PNE

Alternate Symbol(s):  PIFYF

Pine Cliff Energy Ltd. is a Canada-based company that is engaged in the acquisition, exploration, development and production of natural gas and oil in the Western Canadian Sedimentary Basin and also conducts various activities jointly with others. The Company's operating areas include Central Assets, Edson Assets and Southern Assets. Its Central Assets include Ghost Pine and Viking Kinsella areas of Central Alberta. Its Southern Assets includes Monogram unit, Many Islands / Hatton properties, Pendor, Cadillac and Wymark, Black Butte and Eagle Butte areas. Its Edson Assets include Mcleod River and Pine Creek, and Carrot Creek. The Company operates and sells its natural gas to the common Alberta natural gas price hub, Alberta Energy Company (AECO), and the Company also sells to four other gas markets: Aden, TEP, DAWN and Empress.


TSX:PNE - Post by User

Post by TheRexmemberon Nov 02, 2023 2:07pm
166 Views
Post# 35714119

Certus

Certus Sorry about the multiple posts. Guess we will have to wait for total amount of term loan and annual sustaining capital on the Certus assets. They did include Certus decline rate was is 16%. Pretty good for being half oil. Also noted that the oil reserves are higher than the gas reserves on a corporate basis. Don't see that too often in a 50/50 producer. 
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