Pine Cliff Assessing Change In Direction

摘要

After disappointing drilling results in Argentina, Calgary-based Pine Cliff Energy Ltd. management and directors have recognized there is a need to evaluate the overall direction of the company and are currently assessing various options and opportunities to add shareholder value. The potential negative political and economic changes in Argentina continue to provide a difficult environment in which to operate, said Pine Cliff in reporting first quarter results. In addition, positive changes in the Canadian energy sector may mean a domestic focus has once again become more favourable than an international focus, it said.