Pine Cliff reported year-end financial results with production in line with our thinking, while cash flow bested our estimate primarily on lower cash costs. Recall the Company reported year-end reserves just over a month ago, with reserves more than doubling in all categories, while NPVs were up in the 40%-50% range, reflecting a year that saw the completion of two major asset acquisitions. Management remains focused on its acquisi on strategy of acquiring low cost, low decline assets over an o ....
18 Mar 2016
Reports 2015 Year-End Financial Results, Maintains Guidance
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Reports 2015 Year-End Financial Results, Maintains Guidance
Pine Cliff Energy Ltd. (PNE:TSE) | 0 0 0.0% | Mkt Cap: 92.1m
- Published:
18 Mar 2016 -
Author:
Michael Hearn -
Pages:
6
Pine Cliff reported year-end financial results with production in line with our thinking, while cash flow bested our estimate primarily on lower cash costs. Recall the Company reported year-end reserves just over a month ago, with reserves more than doubling in all categories, while NPVs were up in the 40%-50% range, reflecting a year that saw the completion of two major asset acquisitions. Management remains focused on its acquisi on strategy of acquiring low cost, low decline assets over an o ....