Pine Cliff Energy Limited (Pine Cliff) is a Canada-based oil and gas exploration and production company. The Company is engaged in the exploration, development and production of natural gas, crude oil and natural gas liquids (NGL's). Pine Cliff's areas of production are of three areas Southern Assets, Carrot Creek/Edson and others. Southern Assets includes 95% of interest in gas assets in southeast Alberta and southwest Saskatchewan, of which majority of the producing zones are from the upper Cretaceous Milk River, Medicine Hat and Second White Specks sands. In Carrot Creek/Edson, Pine Cliff holds a working interest in natural gas assets which are located southeast of Edson, Alberta. Pine Cliff has, in aggregate, 24.25 gross sections of undeveloped land. Pine Cliff is the operator of approximately 72% of the Company's production in the area. Other areas include the non-operated properties in the Sundance Assets properties in the Harmatten, Garrington and Carstairs areas in Alberta.