PINE CLIFF ENERGY LTD - PIFYF STOCK NEWS

Pine Cliff Energy (TSX: PNE) (OTCQX: PIFYF) has announced a regular monthly dividend of $0.005 per common share for October 2024. The dividend is scheduled to be paid on October 31, 2024, to shareholders of record as of October 15, 2024. Pine Cliff has indicated that this dividend, along with future dividends, are expected to be designated as non-eligible dividends for Canadian income tax purposes until further notice. This announcement demonstrates the company's commitment to providing regular returns to its shareholders.

Pine Cliff Energy (TSX: PNE) (OTCQX: PIFYF) has announced a regular monthly dividend of $0.005 per common share. The dividend will be paid on September 27, 2024, to shareholders of record as of September 16, 2024. Pine Cliff has indicated that this dividend, along with future dividends, is expected to be designated as non-eligible dividends for Canadian income tax purposes until further notice. This announcement demonstrates the company's commitment to providing regular returns to its shareholders, albeit at a modest rate.

Pine Cliff Energy (TSX: PNE) has released its second quarter 2024 financial and operating results, along with a guidance update. The company generated $10.8 million in adjusted funds flow for Q2 2024, down from $12.0 million in Q2 2023. Production averaged 23,688 Boe/d, a 17% increase from the same period last year. Pine Cliff paid dividends of $5.4 million ($0.02 per share) in Q2 2024, compared to $11.5 million ($0.03 per share) in Q2 2023.

The company reported a net loss of $4.1 million for Q2 2024, compared to a net loss of $0.9 million in Q2 2023. Pine Cliff has reduced its 2024 production guidance to 23,250 - 23,750 Boe/d from the previous 24,000 - 25,000 Boe/d due to maintenance-related outages and weak gas prices. The company has hedged approximately 45% of its gross natural gas production and 55% of its gross crude oil production for the second half of 2024.

Pine Cliff Energy (TSX: PNE) (OTCQX: PIFYF) has announced a regular monthly dividend of $0.005 per common share, payable on August 30, 2024, to shareholders of record on August 15, 2024. The company notes that this and future dividends are expected to be designated as non-eligible dividends for Canadian income tax purposes until further notice.

Additionally, Pine Cliff will be hosting a webcast to discuss its Second Quarter 2024 results on Friday, August 9th, 2024, at 9:00 AM MDT (11:00 AM EDT). Investors can access the live webcast through the provided link or via telephone. A recorded archive will be available on the company's website following the live event.

Pine Cliff Energy (TSX: PNE, OTCQX: PIFYF) has announced a regular monthly dividend of $0.005 per common share. Shareholders on record by July 15, 2024, will receive the dividend on July 31, 2024.

This dividend, along with future ones, is classified as non-eligible for Canadian income tax purposes.

Pine Cliff Energy (TSX: PNE, OTCQX: PIFYF) has announced a regular monthly dividend of $0.005 per common share, payable on June 28, 2024, to shareholders on record as of June 14, 2024. The dividends are designated as non-eligible for Canadian income tax purposes until further notice. This announcement maintains the company's commitment to providing consistent returns to its shareholders.

Pine Cliff Energy (TSX: PNE) announced the results of its annual shareholders' meeting held on May 16, 2024. All proposals were approved, with 42.08% of issued shares voted. Six directors were re-elected, with Philip B. Hodge receiving the highest approval at 99.86%. Deloitte LLP was appointed as auditors. Additionally, the Board approved an annual stock option grant totaling 11,989,857 options to directors, officers, and employees. These options, priced at $1.02 per share, will vest over one to three years and expire between May 16, 2026, and May 16, 2028.

Pine Cliff Energy announces its first quarter 2024 financial and operating results, highlighting a decrease in adjusted funds flow compared to the same period last year, a rise in production, lower dividends paid, decreased capital expenditures, a net loss, and upcoming annual meeting information. The company has completed the integration of Certus Oil & Gas, increasing total liquids production and has hedged natural gas and crude oil to mitigate price risks. The annual meeting of shareholders will take place on May 16, 2024.

Pine Cliff Energy announced the appointment of new officers, Mr. Daniel Keenan and Mr. Austin Nieuwdorp, effective May 1, 2024. Mr. Keenan will serve as Vice President Exploitation, leveraging his 20 years of experience in exploitation and production operations. Mr. Nieuwdorp will assume the role of Vice President Finance and Controller, bringing his financial reporting expertise to the company. The company also declared a monthly dividend of $0.005 per common share to be paid on May 31, 2024, and announced a webcast for the First Quarter 2024 results on May 8, 2024.