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Pine Cliff Energy Ltd T.PNE

Alternate Symbol(s):  PIFYF

Pine Cliff Energy Ltd. is a Canada-based natural gas and crude oil company. The Company 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, Black Butte and Eagle Butte areas. Its Edson Assets include Pine Cliff with its first core area in the Western Canadian Sedimentary Basin. It operates and sells its natural gas to the common Alberta natural gas price hub.


TSX:PNE - Post by User

Comment by TheRexmemberon Oct 27, 2021 10:13pm
119 Views
Post# 34057175

RE:$5.00 AECO for Oct.

RE:$5.00 AECO for Oct.

We sure have the leverage. At 5 bucks we should do around 26-27 million per quarter. If we can have one 3 month period at 6 buchs that would add another 9 million. 


really looking forward to an update on the two pekisko wells.  Bet we are around a nine month payout on those wells if we are close to the average type curve. If so i would like to see another 2 wells drilled in both Q4 and Q1. 

I would like to see us get to about  3000 boe/day in oil production over the next two years. That should leave plenty of money for a nice fat dividend. 

would also like to know if we could get the drilling costs down on those wells. 

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