July 11 Webinar to focus on Canadian NGas Market

[dan_s]

Joining me on this coming Thursday at 10AM CT will be Philip B. Hodge, President and CEO of Pine Cliff Energy (TSX: PNE) (OTCQX: PIFYF)

Philip is going to update us on the natural gas market in Western Canada; specifically how the recent opening of LNG Canada and the building of AI Data Centers in Alberta will impact AECO natural gas prices.

Canada will be ramping up LNG exports:
> LNG Canada, a 2.0 bcf/d LNG export facility (Phase 1), is one of Canada's largest energy investments and is a joint venture of Shell, PETRONAS, PetroChina, Mitsubishi Corporation, and KOGAS. The first cargo from LNG Canada headed to Asia in June.
> Currently under construction is Woodfibre LNG, near Squamish, B.C., a 0.3 bcf/d LNG export facility and Cedar LNG, near Kitimat B.C., a 0.4 bcf/d LNG export facility.
> Ksi Lisims LNG is another 1.7 bcf/d LNG export facility seeking final investment approval in 2025.
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Philip joined Pine Cliff in January 2012 as President, Chief Executive Officer and Director. Mr. Hodge most recently held the positions of Vice President, Business Development and Vice President Acquisitions and Divestments at Penn West Exploration, one of the largest conventional oil and natural gas producers in North America.

Pine Cliff has grown from 100 barrels of oil equivalent per day (Boepd) in 2012 to 21,283 Boepd (79% natural gas) in Q1 2025. Pine Cliff has grown by quickly executing counter-cyclical acquisitions and has assembled a unique asset base with the lowest production decline rate among its peers in the public oil and gas sector.

At December 31, 2024 Pine Cliff held 2P reserves with Net Present Value of $548.1Cdn million. < Compares to its current market-cap of $225.8Cdn million.

First Quarter 2025 Summary Highlights ($Canadian)

> Generated $11.5 million of adjusted funds flow ($0.03 per basic and fully diluted share) for the three months ending March 31, 2025, an increase from $10.5 million ($0.03 per basic and fully diluted share) for the same period last year.

> Reduced net debt by $3.5 million or 6% to $58.8 million as of March 31, 2025, down from $62.3 million as of December 31, 2024. < Current share price is less than 50% of the Company's 2P Net Asset Value.

> Paid dividends of $5.4 million ($0.02 per basic and fully diluted share) during the three months ended March 31, 2025. Pine Cliff pays monthly dividends.

> Production averaged 21,283 Boe/d for the three months ended March 31, 2025, down 11% from the 23,865 Boe/d for the comparable period in 2024 due to natural declines and cold-weather related outages that have since been restored.

> Capital expenditures of $1.2 million in the first quarter were limited to facilities and maintenance capital. The 2025 capital budget announced on April 2 of $23.5 million, including $12.5 million of development spending planned in the second half of the year, is unchanged.

> Pine Cliff has increased its AECO hedge position to approximately 42% of gross natural gas production at an average price of $2.90/Mcf for the remaining three quarters of 2025. Approximately 32% of gross crude oil production has been hedged at US$65.02/Bbl for the same period.

Pine Cliff recently announced a 25-year deal to supply natural gas to a private data centre in Central Alberta.
The data centre will be supplied with 3.2–4.8 MMcf/d of Pine Cliff’s gas with pricing tied to NYMEX


The outlook for natural gas prices in Western Canada has significantly improved with the opening of Phase One of LNG Canada.
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