Pipestone Virtually Opens The Market

TORONTO, Jan. 15, 2021 /CNW/ - Paul Wanklyn, President and Chief Executive Officer, Pipestone Energy Corp. ("Pipestone" or the "Company") (TSX: PIPE) and his team joined Berk Sumen, Head, Company Services, TMX Group, to celebrate the Company's graduation from TSX Venture Exchange to Toronto Stock Exchange and open the market.

Pipestone is an oil and gas exploration and production company focused on developing its large contiguous and condensate-rich Montney asset base in the Pipestone area near Grande Prairie. Pipestone is fully-funded to grow its production from 15 – 16 Mboe/d in 2020 to >37 Mboe/d in 2023, while maintaining a conservative leverage profile. Beginning in 2022, the Company expects to generate material annual free cash flow above growth and maintenance expenditures. Pipestone is committed to building long term value for our shareholders while maintaining the highest possible environmental and operating standards, as well as being an active and contributing member to the communities in which it operates. For more information visit https://pipestonecorp.com/

For Market Openings: Media may pick up a feed from the TOC (television operations centre) for all market open ceremonies. The feed is named TSX Transmit 1 (SD-SDI) and is produced at the TMX Broadcast Centre and sent live to the TOC. To pick up the feed via the Dejero network, please contact avservices@tmx.com. The client feature video will begin playing on the TMX media wall at approximately 9:27 a.m. ET and the markets will open with the sound of a siren at 9:30 a.m. ET

Date:   Friday, January 15, 2021
Time:   9:00am - 9:30am
Place:  Virtually Broadcast

SOURCE TMX Group Limited

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