Brief: Pine Cliff Energy quarterly FFO $0.05 per basic share

Pine Cliff Energy

14/03/2017 23:24

March 14 (Reuters) - Pine Cliff Energy Ltd  PNE.TO  
    * Pine cliff energy ltd. Announces record revenue and funds 
flow, fourth quarter and annual 2016 results 
    * Qtrly revenue of $35.2 million, 73% higher than $20.3 
million in q4 of 2015 
    * Quarterly ffo $0.05 per basic share 
    * Estimates to generate positive funds flow in 2017 at 
natural gas prices above $1.70 per mcf 
    * Increased qtrly production by 43% to 21,525 boe/d (93% 
natural gas) from 15,051 boe/d (94% natural gas) in q4 of 2015 
    * Pine cliff energy ltd - estimates to generate generate 
positive funds flow while keeping production flat in 2017 at 
natural gas prices above $2.15 per mcf 
 
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