Pine Cliff Energy Ltd. declares its 2015 year-end reserves. Pine Cliff's independent reserve report was prepared by McDaniel & Associates Limited (McDaniel) in accordance with National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities (NI 51-101) with the effective date of December 31, 2015.
Pine Cliff reports significant increases in its reserve base in 2015. The increases are mainly a result of the acquisition of certain liquids rich natural gas assets in the McLeod area of Alberta in June 2015 and certain natural gas assets in Central Alberta in December 2015. Highlights of Pine Cliff's reserves for the 2015 year include: