CALGARY, Alberta, Nov. 20, 2023 (GLOBE NEWSWIRE) — Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce that the Toronto Stock Exchange (the “TSX”) has accepted the Corporation’s notice of intention to make a normal course issuer bid (the “NCIB”). The NCIB effectively renews the Corporation’s existing normal course issuer bid, which is set to expire on November 24, 2023.

The NCIB allows Birchcliff to purchase up to 13,328,267 common shares (representing 5% of its 266,565,357 common shares outstanding as at November 14, 2023) over a period of twelve months commencing on November 27, 2023 and … Continue Reading

CALGARY, Alberta, Nov. 14, 2023 (GLOBE NEWSWIRE) — Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce its Q3 2023 financial and operational results and its preliminary guidance for 2024. Birchcliff is also pleased to announce that its board of directors (the “Board”) has declared a quarterly cash dividend of $0.20 per common share for the quarter ending December 31, 2023.

“In Q3 2023, we generated adjusted funds flow(1) of $72.2 million and free funds flow(1) of $5.5 million, with average production of 74,143 boe/d. In addition, we returned an aggregate of $53.3 million to shareholders … Continue Reading

CALGARY, Alberta, Oct. 11, 2023 (GLOBE NEWSWIRE) — Birchcliff Energy Ltd. (“Birchcliff”) (TSX: BIR) regretfully reports that there has been a contractor fatality at one of Birchcliff’s water storage pits located south of Baytree, Alberta.

Emergency response personnel responded to the scene during the evening of October 10, 2023. Although the circumstances surrounding the incident are still being investigated, it appears that the contractor may have drowned.

The contractor’s family have been notified of the incident. The name of the contractor will not be released without the consent of the family. Birchcliff is working with the appropriate authorities to ensure … Continue Reading

Birchcliff also Announces Other Executive Leadership Changes and New Board Appointment

CALGARY, Alberta, Oct. 04, 2023 (GLOBE NEWSWIRE) — Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) announces that, as part of its orderly and planned leadership succession process, Jeff Tonken will retire as Chief Executive Officer effective December 31, 2023 and Chris Carlsen, currently the President and Chief Operating Officer of Birchcliff, has been appointed as President and Chief Executive Officer effective January 1, 2024. Mr. Tonken will remain as the Chairman of the Board of Directors (the “Board”).

“On behalf of the Board, I want to thank … Continue Reading

CALGARY, Alberta, Aug. 10, 2023 (GLOBE NEWSWIRE) — Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce its Q2 2023 financial and operational results and that its board of directors (the “Board”) has declared a quarterly cash dividend of $0.20 per common share for the quarter ending September 30, 2023.

“In Q2 2023, we generated adjusted funds flow(1) of $69.7 million and free funds flow(1) of $4.9 million, with average production of 77,510 boe/d. In addition, we returned an aggregate of $63.5 million to shareholders in Q2 2023 through our base common share dividend and common … Continue Reading

CALGARY, Alberta, May 12, 2023 (GLOBE NEWSWIRE) — Birchcliff Energy Ltd. (“Birchcliff”) (TSX: BIR) is pleased to announce that at its Annual and Special Meeting of Shareholders held on May 11, 2023 (the “Meeting”), shareholders elected all five of the proposed nominees listed in Birchcliff’s information circular dated March 27, 2023 (the “Information Circular”) and approved all other matters voted upon at the Meeting.

The matters voted upon at the Meeting were discussed in detail in the Information Circular, a copy of which is available on SEDAR at www.sedar.com and on Birchcliff’s website at www.birchcliffenergy.com. The voting results for … Continue Reading

CALGARY, Alberta, May 10, 2023 (GLOBE NEWSWIRE) — Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce its Q1 2023 financial and operational results and that its board of directors (the “Board”) has declared a quarterly cash dividend of $0.20 per common share for the quarter ending June 30, 2023. Birchcliff is also pleased to disclose the details of its land position on the Montney/Doig Resource Play in Elmworth, Alberta.

“In Q1 2023, we generated adjusted funds flow(1) of $88.7 million, with average production of 74,592 boe/d. In addition, we returned an aggregate of $53.4 million … Continue Reading

CALGARY, Alberta, March 15, 2023 (GLOBE NEWSWIRE) — Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce that it has filed its annual audited financial statements (the “financial statements”) and related management’s discussion and analysis and its annual information form (the “AIF”) for the financial year ended December 31, 2022 (collectively, the “Annual Filings”) on the System for Electronic Document Analysis and Retrieval (“SEDAR”). The financial statements are consistent with the unaudited financial results disclosed in the press release issued by Birchcliff on February 15, 2023. The AIF contains the reserves data and other oil and … Continue Reading

CALGARY, Alberta, Feb. 15, 2023 (GLOBE NEWSWIRE) — Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce its unaudited 2022 full-year and fourth quarter financial and operational results and highlights from its independent reserves evaluation effective December 31, 2022.

“2022 was a record year for all of Birchcliff’s cash flow metrics. We generated record annual adjusted funds flow(1) of $953.7 million, record annual free funds flow(1) of $589.1 million and record annual net income to common shareholders of $653.7 million, with annual average production of 76,925 boe/d. As a result of the significant free funds flow … Continue Reading

CALGARY, Alberta, Jan. 18, 2023 (GLOBE NEWSWIRE) — Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce that its board of directors has declared a quarterly cash dividend of $0.20 per common share for the quarter ending March 31, 2023. Birchcliff is also pleased to announce its five-year plan for 2023 to 2027 and its 2023 budget and guidance.

“Our board of directors has approved a new five-year plan for 2023 to 2027, which is designed to generate substantial free funds flow, deliver significant returns to shareholders and establish a meaningful cash position, while achieving disciplined … Continue Reading

CALGARY, Alberta, Nov. 29, 2022 (GLOBE NEWSWIRE) — Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce that its board of directors has declared a quarterly cash dividend of $0.02 per common share for the quarter ending December 31, 2022. The dividend will be payable on December 30, 2022 to shareholders of record at the close of business on December 15, 2022. The ex-dividend date is December 14, 2022. The dividend has been designated as an eligible dividend for the purposes of the Income Tax Act (Canada).

About Birchcliff:

Birchcliff is a Calgary, Alberta based intermediate … Continue Reading

CALGARY, Alberta, Nov. 17, 2022 (GLOBE NEWSWIRE) — Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce that the Toronto Stock Exchange (the “TSX”) has accepted the Corporation’s notice of intention to make a normal course issuer bid (the “NCIB”). The NCIB effectively renews the Corporation’s existing normal course issuer bid which is set to expire on November 24, 2022.

The NCIB allows Birchcliff to purchase up to 13,295,786 common shares (representing 5% of its 265,915,722 common shares outstanding as at November 11, 2022) over a period of twelve months commencing on November 25, 2022 and … Continue Reading