Pine Cliff Energy Ltd T.PNE

Alternate Symbol(s): PIFYF

Energy Oil & Gas E&P

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.

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Pine Cliff Energy Ltd > New interview with whole team

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Post by TheRexmemberon Apr 22, 2024 12:59am

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Post# 36000662

New interview with whole team

Lots of great colour on operations, capex and strategy.

https://youtu.be/xN4tOYYQ8sk?si=UBsJSxYXEkAgdKlB

Points of interest

1. term debt has an amortization of 15% per year - so only paying down by 2.5 million or so per quarter. Likely could still be debt free by year end 2025 if they choose.

2. 30% of gas hedged in 2024 at 3.00. 30% of oil is hedged at 100.00 cdn

3. They picked up 20+ ellerslie drilling locations in the Certus acquisition. Unbooked right now.

4. The glauc wells cost twice as much to drill as the Pekisko wells. IP also twice as high

5. 3 -6 wells per year or a 20 million capital program is needed to maintain production.

6. They expect to earn 6 million in processing fees in 2024 from their gas plants.