Pine Cliff Energy Ltd. Announces Asset Disposition and Provides Third Quarter 2025 Webcast Details

Rhea-AI Summary

Pine Cliff Energy (OTCQX: PIFYF) entered into a definitive agreement to sell certain Central area assets for $15.0 million gross proceeds before closing adjustments. The assets produced approximately 485 Boe/d in the nine months ended September 30, 2025. The Transaction is expected to close in Q4 2025. National Bank Capital Markets is acting as financial advisor to Pine Cliff for the Transaction.

Pine Cliff will host a Third Quarter 2025 webcast on November 6, 2025 at 9:00 AM MDT (11:00 AM EDT); the live webcast and archived recording will be available via the company website and https://www.gowebcasting.com/14376.

Positive

• Gross cash proceeds of $15.0 million
• Removes ~485 Boe/d non-core production from portfolio
• Definitive agreement executed (binding transaction)

Negative

• Immediate production reduction of ~485 Boe/d
• Closing expected in Q4 2025, exposing timing/closing risk

Calgary, Alberta--(Newsfile Corp. - November 5, 2025) - Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) ("Pine Cliff" or the "Company") is pleased to announce that it has entered into a definitive agreement to sell certain assets in the Central area for gross cash proceeds of $15.0 million before closing adjustments (the "Transaction"). Production from these assets averaged approximately 485 Boe/d¹ in the nine months ended September 30, 2025. The Transaction is expected to close in the fourth quarter of 2025.

National Bank Capital Markets is acting as financial advisor to Pine Cliff with respect to the Transaction.

Third Quarter 2025 Results Webcast

Pine Cliff will host a webcast at 9:00 AM MDT (11:00 AM EDT) on Thursday November 6th, 2025. Participants can access the live webcast via https://www.gowebcasting.com/14376 or through the links provided on the Company's website. A recorded archive will be available on the Company's website following the live webcast.

About Pine Cliff

Pine Cliff is a natural gas and crude oil company with a long-term view of creating shareholder value. Further information relating to Pine Cliff may be found on sedarplus.ca as well as on Pine Cliff's website at www.pinecliffenergy.com.

Notes to Press Release

1. Comprised of approximately 2,010 Mcf/d natural gas, 40 Bbl/d NGLs and 110 Bbl/d light and medium oil.

Certain Definitions

Boe/d	barrel of oil equivalent per day
NGLs	natural gas liquids
Mcf/d	thousand cubic feet per day
Bbl/d	barrel per day

 

For further information, please contact:

Philip B. Hodge - President and CEO
Kristopher B. Zack - CFO and Corporate Secretary
Telephone: (403) 269-2289
Fax: (403) 265-7488
Email: info@pinecliffenergy.com

The TSX does not accept responsibility for the accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/273282

FAQ

What assets is Pine Cliff (PIFYF) selling in the Central area?

Pine Cliff agreed to sell certain Central area assets for $15.0 million in gross cash proceeds, with production of ~485 Boe/d for the nine months ended Sept 30, 2025.

When is the Pine Cliff (PIFYF) asset sale expected to close?

The Transaction is expected to close in Q4 2025 subject to closing adjustments and customary conditions.

How will the Central asset sale affect Pine Cliff's production levels?

The sale covers assets that produced approximately 485 Boe/d in the nine months ended Sept 30, 2025, which will reduce company production by that amount upon closing.

Who is advising Pine Cliff (PIFYF) on the asset disposition?

National Bank Capital Markets is acting as financial advisor to Pine Cliff for the Transaction.

When and how can investors access Pine Cliff's Third Quarter 2025 webcast?

The webcast is on Nov 6, 2025 at 9:00 AM MDT (11:00 AM EDT) and is available live at https://www.gowebcasting.com/14376 and via links on the company website; an archive will follow.

Are the $15.0 million proceeds quoted by Pine Cliff net of closing adjustments?

The company reported $15.0 million in gross cash proceeds before closing adjustments.