💙 🔷 Not impressed by Big Tech in Q3? Explore these Blue Chip Bargains insteadUnlock them all

BRIEF-Pine Cliff Energy reports Q4 production was 21,525 BOE per day

Published 2017-02-13, 08:29 p/m
© Reuters.  BRIEF-Pine Cliff Energy reports Q4 production was 21,525 BOE per day
NG
-
PNE
-

Feb 13 (Reuters) - Pine Cliff Energy Ltd PNE.TO :

* Pine Cliff Energy Ltd announces 2017 guidance, 2016 bank debt reduction and year-end reserves

* Board of directors has approved a capital budget of $18.5 million for 2017

* Is budgeting 2017 annual production volumes to range from 21,250 - 21,750 BOE per day

* Pine Cliff's Q4 2016 production was 21,525 BOE per day, weighted 93 pct to natural gas

* Exited year with production of approximately 22,000 boe per day, weighted 94 pct to natural gas

* Reduced its bank debt by $125 million from $155.9 million at December 31, 2015 to $30.9 million at December 31, 2016 Source text for Eikon: ID:nCCN4bwl8 Further company coverage: PNE.TO

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.