Pine Cliff Energy Ltd. Announces Second Quarter 2026 Results, and Capex Guidance Update

Calgary, Alberta--(Newsfile Corp. - August 12, 2026) - Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) ("Pine Cliff" or the "Company") announces its second quarter 2026 financial and operating results, and an update to its capex guidance for 2026.

Second Quarter 2026 Summary Highlights * Generated $5.9 million ($0.02 per basic and fully diluted share) and $15.5 million ($0.04 per basic and fully diluted share) of adjusted funds flow(1) for the three and six months ended June 30, 2026, compared to $4.9 million ($0.01 per basic and fully diluted share) and $16.4 million ($0.05 per basic and fully diluted share) for the same periods in 2025; * Production averaged 19,747 Boe/d(2) and 19,905 Boe/d(3) for the three and six months ended June 30, 2026, compared to 21,236 Boe/d(4) and 21,259 Boe/d(5) for the same periods in 2025; * Paid dividends of $1.3 million ($0.004 per basic and fully diluted share) and $2.7 million ($0.008 per basic and fully diluted share) during the three and six months ended June 30, 2026, compared to $1.3 million ($0.004 per basic and fully diluted share) and $6.7 million ($0.019 per basic and fully diluted share) during the same periods in 2025; and * Net debt(1) decreased 14% to $50.8 million as at June 30, 2026 from $58.9 million at the same point last year.