March 14, 2017 / 11:38 PM / 5 months ago

BRIEF-Pine Cliff Energy quarterly FFO $0.05 per basic share

March 14 (Reuters) - Pine Cliff Energy Ltd

* Pine cliff energy ltd. Announces record revenue and funds flow, fourth quarter and annual 2016 results

* Qtrly revenue of $35.2 million, 73% higher than $20.3 million in q4 of 2015

* Quarterly ffo $0.05 per basic share

* Estimates to generate positive funds flow in 2017 at natural gas prices above $1.70 per mcf

* Increased qtrly production by 43% to 21,525 boe/d (93% natural gas) from 15,051 boe/d (94% natural gas) in q4 of 2015

* Pine cliff energy ltd - estimates to generate generate positive funds flow while keeping production flat in 2017 at natural gas prices above $2.15 per mcf Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below