Pine Cliff Energy Ltd. Announces 2024 Annual Results, Filing of Disclosure Documents, Increase in Year-End Reserves, Dividend Declaration and Corporate Outlook
Calgary, Alberta--(Newsfile Corp. - March 5, 2025) - Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) ("Pine Cliff" or the "Company") announces its 2024 annual results, filing of disclosure documents, year-end reserves and dividend declaration.
Pine Cliff Energy Ltd. Declares Monthly Dividend for February 28, 2025
Calgary, Alberta--(Newsfile Corp. - February 5, 2025) - Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) ("Pine Cliff" or the "Company") has declared a regular monthly dividend of $0.005 per common share to be paid February 28, 2025, to shareholders of record on February 14, 2025. This dividend and future dividends are expected to be designated as non-eligible dividends for Canadian income tax purposes until further notice.
Pine Cliff Energy Ltd. Announces Natural Gas Supply Agreement for an Alberta Data Centre Development
Calgary, Alberta--(Newsfile Corp. - January 17, 2025) - Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) ("Pine Cliff" or the "Company") is pleased to announce that it has entered into definitive agreements with a private company ("PrivateCo") for the supply of between 3.2 MMcf/d1 and 4.8 MMcf/d1 of natural gas for an initial term of 25 years pursuant to a natural gas supply agreement ("Supply Agreement"). PrivateCo has agreed to construct and operate a data centre (the "Data Centre") not connected to the Alberta electrical grid, adjacent to an operating Pine Cliff facility in Central Alberta. Under the Supply Agreement, Pine Cliff will provide natural gas and will receive a natural gas price based on a rolling 12-month average of NYMEX price. The supply of natural gas under the Supply Agreement will commence upon, among other things, the commissioning of the Data Centre. In Q3 2024 Pine Cliff's production of natural gas averaged 108.0 MMcf/d.
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