Pine Cliff successfully drilled one gross (1.0 net) Glauconite well in the Central Alberta Caroline area in December 2025 that was completed and brought on production in the second half of February 2026. Field production estimates over the last 30 days have averaged 1,167 Boe/d1 (56% liquids) including 198 Bbls/d of condensate. The well continues to clean up with field production estimates in the past seven days averaging 1,220 Boe/d2 (56% liquids) including 208 Bbls/d of condensate.
Including this well, Pine Cliff has identified 51 gross (31.0 net) Glauconite locations in the Caroline area, with 29 gross (22.0 net) locations booked in the Company's Total Proved plus Probable ("TPP") reserves as at December 31, 2025. The Company will continue to evaluate opportunities for a drilling program in the second half of 2026.
Pine Cliff Energy Ltd. (PNE.TO) Update - Apr 14
Pine Cliff Energy Ltd. (PNE.TO) Update - Apr 14
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group