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Pipestone Energy Corp Reports Record First Quarter 2021 Results and Provides an Operations Update

Pipestone Energy Corp Reports Record First Quarter 2021 Results and Provides an Operations Update
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Pipestone Energy Corp Announces it Has Successfully Renewed Its $225 Million Reserve Based Loan

Pipestone Energy Corp Announces it Has Successfully Renewed Its $225 Million Reserve Based Loan
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Pipestone Energy Corp Releases Year-End Reserves With Strong Year-Over-Year Reserve Volume Growth, and Provides an Operational Update Highlighting Record Production and Continued Capital Efficiency Gains

/EIN News/ CALGARY, Alberta, Feb. 10, 2021 (GLOBE NEWSWIRE) (PIPE – TSX) Pipestone Energy Corp. ( “Pipestone” or the “Company”) is pleased to provide an update on its production and operations, as well as report its year-end 2020 independent reserves evaluation prepared by McDaniel & Associates Consultants Ltd. (“ McDaniel”) with an effective date of December 31, 2020 (the “ McDaniel Report”). Since inception, Pipestone has continued to demonstrate leadership in combining capital cost efficiencies with highly productive wells in the condensate-rich Alberta Montney play. This is reflected in the past year’s significant growth in reserve volumes and continued reduction in future development costs (“ FDC”). Production & Facilities:

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