Monaco pine cliff energy ltd

Who is Pine Cliff energy?

Pine Cliff Energy is a Canadian natural gas and oil producing company (79% natural gas) that has grown from 100 barrels of oil equivalent per day (BOED) in 2012 to over 24,000 BOED, primarily through acquisitions.

What makes Pine Cliff a great company?

Pine Cliff prides itself on its employees, led by a management team with decades of experience in the exploration, development and production of oil and natural gas. Since our President and CEO, Phil Hodge, became Pine Cliff’s first employee in 2012, the Company has grown from 100 barrels of oil equivalent per day (boepd) to over 25,000 boepd.

What does Pine Cliff do?

Pine Cliff's current focus is on acquiring, developing, and operating long life assets that generate significant free funds flow that allows for capital to be returned to shareholders in the form of a dividend. Further information relating to Pine Cliff may be found on as well as on Pine Cliff's website at

Does Pine Cliff have a 2024 Capital Budget?

The 2024 capital budget of $17.5 million is unchanged, which includes $7.0 million of development spending, which may be deferred until 2025. With the deferred capital spending and additional third-party outages scheduled for the fall, Pine Cliff has reduced 2024 production guidance to 23,250 - 23,750 Boe/d 4 from 24,000 - 25,000 Boe/d 4.

Does Pine Cliff use physical hedging?

Pine Cliff continues to use physical hedging as part of its ongoing marketing strategy to help protect cash flow. Approximately 45% of gross natural gas production 5 has been hedged at an average price of $2.87/Mcf through the second half of 2024. Approximately 55% of gross crude oil production 5 has been hedged at $100.18/Bbl for the same period.

Who is the chairman of the Board of directors of Pine Cliff?

Mr. Rice joined the Board of Directors of Pine Cliff in May, 2016 and became Chairman of the Board in May 2023. Mr. Rice was Chair and Chief Executive Officer of the Alberta Securities Commission from 2005 to 2015 and Chair of the Canadian Securities Administrators from 2011 to 2015.