09:49 AM EST - Pine Cliff Energy : announced that it has entered into a Letter of Intent to acquire an additional 53.8196% working interest in the Monogram unit and related infrastructure in Alberta. Pine Cliff will pay $34 million in cash and own an 83.37505% working interest in the unit. The Monogram assets currently produce approximately 1,600 barrels of oil equivalent per day of non-operated production, weighted 100% towards natural gas, at operating costs of less than $6 per BOE. Pine Cliff Energy
shares V.PNE are trading down $0.01 at $0.91.
