Pine Cliff Energy talks Glauconite well production

Executive Summary

• Pine Cliff Energy Ltd. reported initial production results from its newly completed Glauconite well in the Central Alberta Caroline area, which was brought on production in February 2026.
• The company declared a monthly dividend of 0.125 cents per common share, payable on April 30, 2026, to shareholders of record on April 15, 2026.
• Pine Cliff identified 51 gross Glauconite locations in the Caroline area, with 29 gross locations booked in proved plus probable (TPP) reserves as of December 31, 2025, and plans to evaluate further drilling opportunities in the second half of 2026.

Key Details

• Well Performance:
  • The Glauconite well was drilled in December 2025 and completed/brought on production in the second half of February 2026.
  • Field production estimates over the last 30 days averaged 1,167 barrels of oil equivalent per day (BOEPD), with 56% liquids content.
  • This included 198 barrels per day (BPD) of condensate.
  • The well continues to clean up; production estimates for the past seven days averaged 1,220 BOEPD (56% liquids), including 208 BPD of condensate.
• Reserve and Location Data:
  • Total identified Glauconite locations in the Caroline area: 51 gross (31.0 net).
  • Locations booked in TPP reserves as of Dec. 31, 2025: 29 gross (22.0 net).
  • Future plans: Evaluate opportunities for a drilling program in the second half of 2026.
• Dividend Details:
  • Amount: 0.125 cents per common share.
  • Payment Date: April 30, 2026.
  • Record Date: April 15, 2026.
  • Tax Designation: Non-eligible dividends for Canadian income tax purposes.

Notable Quotes

• None provided in the text.