Corporate Overview - About Us - Birchcliff Energy

Corporate Overview

Mission Statement

To successfully carry on business in the oil & gas sector, to significantly enhance value and liquidity for our shareholders and to be a responsible corporate citizen to our shareholders, our employees, the community and the environment.

Birchcliff Energy Ltd. will create superior growth in shareholder value through the exploitation, development, exploration, acquisition, production and marketing of oil and gas opportunities in the Western Canadian Sedimentary Basin.

Currently engineering, procurement and fabrication work is underway for the Phase V Expansion of Birchcliff's 100% owned and operated Pouce Coupe Gas Plant, which will take processing capacity from 180 MMcf/d to 260 MMcf/d

Corporate Profile

Birchcliff Energy Ltd. is a Calgary, Alberta based intermediate oil and gas company that explores for, develops and produces natural gas, light oil and natural gas liquids. All of Birchcliff's operations are concentrated in the Peace River Arch area of Alberta, which is considered by management to be one of the most desirable natural gas and light oil drilling areas in North America.

Birchcliff's common shares are listed on the Toronto Stock Exchange under the symbol BIR and are included in the S&P/TSX Composite Index. Birchcliff's Series A and Series C Preferred Shares are listed for trading on the TSX under the symbols BIR.PR.A and BIR.PR.C, respectively. Birchcliff is considered an intermediate oil and natural gas producer.

Resource Plays

Birchcliff is focused on two resource plays within the Peace River Arch: the Montney/Doig Resource Play and the Charlie Lake Light Oil Resource Play.

Future Growth

At December 31, 201​​6, Birchcliff held ​​709.6 (​​658.2 net) ​sections of undeveloped land, with an average working interest of 9​3%. Birchcliff's land base primarily consists of large contiguous blocks of high working interest acreage located near facilities owned and/or operated by Birchcliff or near third-party infrastructure. As at December 31, 201​​6 the reserve life index of the Corporation was approximately 33.5 years on a proved plus probable basis based on the mid-point of Birchcliff's 2017 annual average production guidance of 70,000 - 74,000 boe/d.