Brief: Pine Cliff Energy reports Q4 production was 21,525 BOE per day

Pine Cliff Energy

14/02/2017 01:24

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  
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