Pine Cliff Energy Ltd. (PNE.TO) Research

Pine Cliff Energy Ltd. is an energy firm focused on sourcing, exploring, developing, and extracting natural gas and petroleum resources across the Western Canadian Sedimentary Basin. The company's primary assets include natural gas properties in the Southern and Edson regions, along with oil and gas holdings within Central Alberta's Viking Kinsella and Ghost Pine vicinities. Furthermore, Pine Cliff possesses natural gas liquids (NGLs) operations in Alberta's Sundance, Carstairs, Garrington, and Harmattan locales, and natural gas ventures in Southern Saskatchewan's Cadillac district. By December 31, 2021, its estimated proved reserves amounted to 49,112.6 thousand barrels of oil equivalent (MBOE), with proved plus probable reserves totaling 62,813.4 MBOE. Beyond its hydrocarbon activities, the firm also undertakes exploration for precious metals like gold, nickel, copper, and platinum group elements across Utah, Ontario, the Northwest Territories, and Nunavut. Established in 2004, Pine Cliff maintains its corporate headquarters in Calgary, Canada.

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