Pine Cliff reported year-end reserves which more than doubled in all categories, while NPVs were up in the 40%-50% range, reflecting a year that saw the completion of two major asset acquisitions. Given the current commodity price environment, Management reiterated its
intention to remain focused on its acquisition strategy of acquiring low cost, low decline assets as opposed to organic drilling efforts. There was no new operational news in the release and no update to Management’s current guid ....
16 Feb 2016
Pine Cliff Energy Reports 2015 Year-End Reserve Report Reflecting another Successful Year of Acquisitions
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Pine Cliff Energy Reports 2015 Year-End Reserve Report Reflecting another Successful Year of Acquisitions
Pine Cliff Energy Ltd. (PNE:TSE) | 0 0 0.0% | Mkt Cap: 92.1m
- Published:
16 Feb 2016 -
Author:
Michael Hearn -
Pages:
7
Pine Cliff reported year-end reserves which more than doubled in all categories, while NPVs were up in the 40%-50% range, reflecting a year that saw the completion of two major asset acquisitions. Given the current commodity price environment, Management reiterated its
intention to remain focused on its acquisition strategy of acquiring low cost, low decline assets as opposed to organic drilling efforts. There was no new operational news in the release and no update to Management’s current guid ....