Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/pine-cliff-completes-acquisition-of-a-further-work.shtmlPine Cliff completes acquisition of a further working interest in the Monogram unit
Pine Cliff Energy Ltd. announce that the previously announced acquisition of an additional working interest in the Monogram unit
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Pine Cliff Energy Ltd. announce that the previously announced acquisition of an additional working interest in the Monogram unit and related infrastructure in the Province of Alberta for cash consideration of $34 million, prior to adjustments, has closed.
Pine Cliff now has production of approximately 6,000 barrels of oil equivalent (BOE) per day, weighted approximately 96% towards natural gas. Pine Cliff's current production levels do not include the previously announced acquisition of approximately 850 BOE per day of production expected to close on August 30, 2013.
