Pine Cliff Energy announces that it has granted an aggregate of 4,119,800 stock options to its directors, officers, employees and certain service providers, of which 2,406,000 were granted to its directors and officers. The stock options vest between one to three years, have an exercise price of $1.66 per share and will expire between May 14, 2016 and May 14, 2018. The total number of Pine Cliff common shares reserved for [...]
Pine Cliff Energy is pleased to announce its third quarter financial and operating results. Selected highlights are shown below and should be read in conjunction with the Company's interim condensed consolidated financial statements and the related management's discussion and analysis for the three and nine months ended September 30, 2014
Pine Cliff Energy is pleased to announce that the previously announced acquisition to acquire certain shallow natural gas assets in Alberta and Southern Saskatchewan for cash consideration of $100 million, prior to any adjustments, has now closed. Concurrent with the closing of the Acquisition, Pine Cliff has increased its revolving credit facility to $70 million, of which $57 million is currently drawn.
Pine Cliff Energy is pleased to announce that it has closed its previously announced short form prospectus offering of 29,300,000 common shares at a price of $2.05 per Common Share for gross proceeds of $60,065,000. The Offering was made pursuant to an underwriting agreement with a syndicate of underwriters co-led by FirstEnergy Capital Corp., GMP Securities L.P. and Haywood Securities Inc. and including Clarus Securities [...]
Pine Cliff is pleased to announce that it has entered into an agreement with a syndicate of underwriters co-led by FirstEnergy Capital Corp., GMP Securities L.P. and Haywood Securities Inc. and including Clarus Securities Inc., Paradigm Capital Inc., Canaccord Genuity Corp., National Bank Financial Inc., Altacorp Capital Inc., Jennings Capital Inc. and Scotia Capital Inc., which have agreed to purchase, on a bought deal [...]
Pine Cliff Energy is pleased to announce that further to its news release on July 17, 2014, Pine Cliff has entered into a purchase and sale agreement with a senior oil and gas producer to acquire certain shallow natural gas assets in Alberta and Southern Saskatchewan for cash consideration of $100 million, prior to any adjustments.
Pine Cliff Energy is pleased to announce its second quarter financial and operating results. Selected highlights are shown below and should be read in conjunction with the Company's interim condensed consolidated financial statements and the related management's discussion and analysis for the three and six months ended June 30, 2014.
Pine Cliff Energy is pleased to announce that the previously announced acquisition of oil and natural gas assets in one of its core areas of Carrot Creek/Edson in the Province of Alberta for cash consideration of $33.25 million, prior to adjustments, has closed. Pine Cliff now has a combined asset base production profile of over 7,000 barrels of oil equivalent ("Boe") per day, weighted approximate
Pine Cliff Energy is pleased to announce that it has entered into a binding agreement dated July 29, 2014 to acquire oil and natural gas assets in one of its core areas of Carrot Creek/Edson in the Province of Alberta for cash consideration of $33.25 million, prior to any adjustments. The cash consideration is expected to be financed by a combination of working capital and debt.
Pine Cliff is pleased to announce that it has entered into a binding agreement dated July 17 to acquire certain shallow natural gas assets in Alberta and Southern Saskatchewan from a senior oil and gas producer for cash consideration of $100 million, prior to any adjustments. The majority of the Alberta assets are located east of the City of Medicine Hat with some minor assets in Central Alberta near the City of [...]
Pine Cliff is pleased to announce its first quarter financial and operating results. Selected highlights are shown below and should be read in conjunction with the Company's interim condensed consolidated financial statements and the related management's discussion and analysis for the three months ended March 31. The year 2014 is off to an excellent start for Pine Cliff and its shareholders. In the first quarter, we were [...]
Pine Cliff is pleased to announce the appointment of Terry McNeill to the position of Vice President Operations. Mr. McNeill has over 20 years of experience in the oil and gas industry and held the same position at Berkana Energy Corp. from September 2006 until January 2008 and Quatro Resources Ltd. from January 2008 until the sale of the company in November 2012. Mr. McNeill possesses a broad range of experience on all [...]
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