Birchcliff Energy Ltd. ("Birchcliff" or the "Corporation") was originally incorporated on July 6, 2004 under the Business Corporation Act (Alberta) ("ABCA") as 1116463 Alberta Ltd. and on September 10, 2004 changed its name to Birchcliff Energy Ltd. On January 18, 2005, the Corporation amalgamated under the ABCA with Scout Capital Corp. ("Scout"), a public corporation, pursuant to a Plan of Arrangement to form an amalgamated corporation that continued under the name Birchcliff Energy Ltd. On May 31, 2005, the Corporation amalgamated under the ABCA with Veracel Inc. ("Veracel"), pursuant to a plan of arrangement to form an amalgamated corporation that continued under the name Birchcliff Energy Ltd.
THE FOLLOWING DESCRIBES THE MAJOR EVENTS IN OUR HISTORY:
January 19, 2005
Common shares commenced trading on the TSX Venture Exchange
February 6, 2005
Rig released first Montney/Doig vertical exploration gas well drilled by Birchcliff in the Pouce Coupe area
May 31, 2005
Completed acquisition of properties in the Peace River Arch for $242.8 million
July 21, 2005
Common shares commenced trading on the TSX
September 22, 2007
Rig released first Montney/Doig horizontal natural gas well drilled by Birchcliff in the Pouce Coupe area
March 2010
Phase I of the Pouce Coupe Gas Plant commenced operations with a processing capacity of 30 MMcf/d
November 2010
Phase II of the Pouce Coupe Gas Plant commenced operations with a combined processing capacity of 60 MMcf/d
October 2012
Phase III of the Pouce Coupe Gas Plant commenced operations with a combined processing capacity of 150 MMcf/d
September 1, 2014
Phase IV of the PC Gas Plant commenced operations with a combined processing capacity of 180 MMcf/d
July 13, 2016
Closed equity financings for total gross proceeds of $690.8 million
July 28, 2016
Completed the Gordondale Acquisition for approximately $613.5 million. The Gordondale Assets included high working interest operated production and a large contiguous land base on the Montney/Doig Resource Play which is immediately adjacent to Birchcliff’s existing Pouce Coupe properties
March 31, 2017
Paid first quarterly dividend to common shareholders
September 2017
Phase V of the Pouce Coupe Gas Plant commenced operations with a combined processing capacity of 260 MMcf/d
April 3, 2018
Announced new long-term processing arrangement at Altagas’ deep-cut processing facility in Gordondale
August 2018
Phase VI of the Pouce Coupe Gas Plant commenced operations with a combined processing capacity of 340 MMcf/d
December 31, 2018
385 (380.6 net) Montney/Doig horizontal wells successfully drilled and cased to date
January 3, 2019
Acquired 18 gross (15.1 net) contiguous sections of Montney land between Pouce Coupe and Gordondale for $39 million
July 2020
Completed the Inlet Liquids-Handling Facility at the Pouce Coupe Gas Plant
October 28, 2022
Paid special dividend to common shareholders
December 31, 2022
529 (526.6 net) Montney/Doig horizontal wells successfully drilled and cased to date