04:34 PM EST, 11/21/2024 (MT Newswires) -- Birchcliff Energy ( BIREF ) at the close of trade Thursday said it received exchange approvals for a renewed normal-course issuer bid.

The company said it can buy back and cancel 13.49-million shares over 12 months, 5% of its outstanding shares.

The buyback program will run from Nov. 27 to Nov. 26, 2025.

Under its expiring NCIB, the Western Canadian oil and gas producer repurchased none of an allowed 13.33-million shares.

The company's shares closed up $0.21 to $5.52 on the Toronto Stock Exchange.