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Pine Cliff Energy Ltd. (TSX: PNE,OTC:PIFYF) (OTCQX: PIFYF) ("Pine Cliff" or the "Company") is pleased to announce that it has entered into a definitive agreement to sell certain assets in the Central area for gross cash proceeds of $15.0 million before closing adjustments (the "Transaction"). Production from these assets averaged approximately 485 Boed1 in the nine months ended September 30, 2025. The Transaction is expected to close in the fourth quarter of 2025.
National Bank Capital Markets is acting as financial advisor to Pine Cliff with respect to the Transaction.
Third Quarter 2025 Results Webcast
Pine Cliff will host a webcast at 9:00 AM MDT (11:00 AM EDT) on Thursday November 6th, 2025. Participants can access the live webcast via https://www.gowebcasting.com/14376 or through the links provided on the Company's website. A recorded archive will be available on the Company's website following the live webcast.
About Pine Cliff
Pine Cliff is a natural gas and crude oil company with a long-term view of creating shareholder value. Further information relating to Pine Cliff may be found on sedarplus.ca as well as on Pine Cliff's website at www.pinecliffenergy.com.
Notes to Press Release
- Comprised of approximately 2,010 Mcf/d natural gas, 40 Bbl/d NGLs and 110 Bbl/d light and medium oil.
Certain Definitions
| Boe/d | barrel of oil equivalent per day |
| NGLs | natural gas liquids |
| Mcf/d | thousand cubic feet per day |
| Bbl/d | barrel per day |
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For further information, please contact:
Philip B. Hodge - President and CEO
Kristopher B. Zack - CFO and Corporate Secretary
Telephone: (403) 269-2289
Fax: (403) 265-7488
Email: info@pinecliffenergy.com
The TSX does not accept responsibility for the accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/273282
