Pine Cliff Energy (TSE:PNE) has released an update.
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Pine Cliff Energy Ltd. reported a higher production output but lower adjusted funds flow and dividends for Q2 2024 compared to the same period in 2023, alongside a net loss for the quarter and half-year periods. The company also adjusted its 2024 production guidance downwards due to maintenance outages and weak gas prices, while continuing its hedging strategy to protect cash flow.
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