PINE CLIFF ENERGY LTD - PIFYF STOCK NEWS

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.

Pine Cliff Energy Declares Monthly Dividend of $0.005 per Share for April 2024

Pine Cliff Energy Ltd. announces its 2023 annual results, filing of disclosure documents, year-end reserves, provides 2024 guidance, dividend declaration, and executive update. Financially, the company generated $9.7 million in Q4 2023, with a net income of $0.8 million, compared to $40.2 million and $24.7 million in 2022, respectively. Pine Cliff acquired Certus Oil & Gas for $108.9 million, expanding its operations. The company's production saw a 2% increase in Q4 2023 but a 2% decrease for the whole year. Pine Cliff's independent reserve report showed a 16% increase in net present value for proved plus probable reserves, primarily due to the Acquisition. The company's 2024 guidance includes a capital expenditure budget of $17.5 million and a monthly dividend. Mr. Alan MacDonald will retire as CFO, with Mr. Kristopher Zack taking over. Pine Cliff has responded to weak natural gas prices by increasing its AECO hedge position.

Pine Cliff Energy Ltd. declares a regular monthly dividend of $0.01083 per common share, to be paid on February 29, 2024, to shareholders of record on February 15, 2024. The dividend is designated as an eligible dividend for Canadian income tax purposes.

Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) declares a regular monthly dividend of $0.01083 per common share, to be paid on January 31, 2024, to shareholders of record on January 15, 2024. The dividend is designated as an eligible dividend for Canadian income tax purposes.

Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) has completed the acquisition of Certus Oil & Gas Inc., with 99.77% of the Common Shares issued and outstanding being validly deposited and taken-up by Pine Cliff. The Company also secured a three-year secured term debt facility of $56.27 million to fund a portion of the purchase price and plans to issue annual guidance in the first quarter of 2024.

Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) announces the successful acquisition of Certus Oil and Gas Inc., with 69.7% of the total Common Shares tendered. The Offer has been extended until December 18, 2023, to allow remaining shareholders to participate. Pine Cliff is a natural gas and crude oil company focused on creating shareholder value.

Pine Cliff Energy Ltd. (PNE) Declares Monthly Dividend of $0.01083 per Share

Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) announces third quarter 2023 financial and operating results, including generated funds flow of $17.1 million and $49.0 million for the three and nine months ended September 30, 2023, as well as the mailing of a Takeover Bid Circular for the acquisition of Certus Oil & Gas Inc.