Bullboard - Stock Discussion Forum 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... see more

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Pine Cliff Energy Ltd > Capex

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Post by kavern23 on Mar 04, 2024 1:07pm

Capex

This is what I think they should do but who knows what they will release.

-cut the divy and use money to drill Glaucontic wells in Caroline.

-For every new well that bring on in 2024....lets say new well produces 4000 MCF in NG a day...you shut in 4000 mcf worth of dry low producing gas...and keep overall production flat. Shut in the negative CF wells.

For every new well....equivalent of old wells get shut in.

This is roadmap to surviving this NG price nightmare of 2024.