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Birchcliff Energy Ltd T.BIR

Alternate Symbol(s):  BIREF

Birchcliff Energy Ltd. is a Canada-based intermediate oil and natural gas company. The Company is engaged in the exploration for and the development, production and acquisition of oil and gas reserves in Western Canada. The Company’s operations are focused on the Montney/Doig Resource Play in Alberta. Its operations are concentrated in the Peace River Arch area of Alberta. The Company has a 100% working interest in its Pouce Coupe Gas Plant and two oil batteries, as well as various working interests in numerous other gas plants, oil batteries, compressors, facilities and infrastructure. Its Pouce Coupe Gas Plant, which is licensed to process up to 340 million cubic feet per day (MMcf/d) of natural gas, is located in the heart of the Corporation's Montney/Doig Resource Play.


TSX:BIR - Post by User

Post by bossuon Aug 04, 2022 4:50pm
270 Views
Post# 34872340

Intention to Redeem Series A and C preferred sooner...

Intention to Redeem Series A and C preferred sooner...From the Q1 FR
''Subject to the approval of the board of directors, Birchcliff currently intends to redeem all of its outstanding Series A and Series C preferred shares at the end of the third quarter of 2022

Approximative expense:$ 88,2 M

Lot of cash available sooner than anticipated
Long debt to be repaid sooner......before December 2022
And early 2023  dividend increase
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