Operator
Pinecrest Energy Inc.
Acquired in February 2015 by Cardinal Energy Ltd.. The snapshot below reflects historical activity.
About
Exploration & Production
- WebsiteVisit →
- TickerOTCM
- AddressCalgary Alberta
- Phone403 817 2550
- Acquired byCardinal Energy Ltd.
Acquisition chain
Forward & backward M&A lineage
- Pinecrest Energy Inc. (this company)
- Cardinal Energy Ltd.
Drilling activity
No activity recorded
No active rigs
Operations transferred to Cardinal Energy Ltd. Live rig records sit under the successor.
Recent activity
Pinecrest Executives Depart Amidst Deal with Cardinal
Removes transfer of employment of executive officers and employees of Pinecrest to Virginia Hills, while all other steps in the Plan remain unchanged.
Pinecrest Continues Waterflood in Red Earth Area
Waterflood production is stable or increasing as is expected in its phase of voidage replacement.
Pinecrest Places 3 Wells, Converts 7 to Water Injection in 4Q
During the fourth quarter, the Company completed 1 (1.0 net) oil well and placed 3 (3.0 net) wells on production and completed the conversion of 7 (7.0 net)...
Pinecrest has Difficulty with Waterfloods; Guidance Shortfall Results
Based on field estimates, average production for the fourth quarter of 2013 was approximately 2,580 boepd (97% oil and liquids). Average production for the month of December, based...
Pinecrest Energy Encouraged by Waterflood Production Results
During the quarter, seven wells producing approximately 260 barrels per day of oil were shut in and converted to water injectors for the Otter Projects #1, #2 and...
Latest news mentioning Pinecrest Energy Inc.
Deals
Closing Announcement - April 28, 2015 Virginia Hills Oil Corp. and its wholly-owned subsidiary, 1834163 Alberta Ltd., have completed the…
Pinecrest Energy Inc. has announced that it has entered into an agreement with Virginia Hills Oil Corp. and a junior dividend paying…
Closing Announcement - April 16, 2015 Pinecrest Energy Inc. and Cardinal Energy Ltd. have annnounced the completion of the previously…
Permits
No active permits
Operations transferred to Cardinal Energy Ltd. Live permits sit under the successor.
Assets
No asset records
Operations transferred to Cardinal Energy Ltd. Live acreage and lease records sit under the successor.
Regions of activity
No regional activity indexed yet
When Cardinal Energy Ltd. files permits or discloses acreage tied to this entity, the regions show up here.