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Pine Cliff Energy announces its first quarter 2024 financial and operating results, highlighting a decrease in adjusted funds flow compared to the same period last year, a rise in production, lower dividends paid, decreased capital expenditures, a net loss, and upcoming annual meeting information. The company has completed the integration of Certus Oil & Gas, increasing total liquids production and has hedged natural gas and crude oil to mitigate price risks. The annual meeting of shareholders will take place on May 16, 2024.
Pine Cliff Energy announced the appointment of new officers, Mr. Daniel Keenan and Mr. Austin Nieuwdorp, effective May 1, 2024. Mr. Keenan will serve as Vice President Exploitation, leveraging his 20 years of experience in exploitation and production operations. Mr. Nieuwdorp will assume the role of Vice President Finance and Controller, bringing his financial reporting expertise to the company. The company also declared a monthly dividend of $0.005 per common share to be paid on May 31, 2024, and announced a webcast for the First Quarter 2024 results on May 8, 2024.
