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BRIEF-Pine Cliff Energy reports Q4 production was 21,525 BOE per day
February 14, 2017 / 1:32 AM / 10 months ago

BRIEF-Pine Cliff Energy reports Q4 production was 21,525 BOE per day

Feb 13 (Reuters) - Pine Cliff Energy Ltd :

* 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: Further company coverage:

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