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Painted Pony Pete Ltd PDPYF

"Painted Pony Energy Ltd Petroleum explores, develops, and produces petroleum and natural gas. The company focuses on the development of natural gas and natural gas liquids. The company's operations take place near the Montney formation in Northeast British Columbia. The Montney location is a sweet natural gas-saturated zone (natural gas that does not contain hydrogen sulfide or significant quantities of carbon dioxide) with no associated or underlying water. The company also has multiple gas pr


OTCPK:PDPYF - Post by User

Bullboard Posts
Comment by jester00on Jan 15, 2008 10:32pm
465 Views
Post# 14209275

RE: 3.8 net rev

RE: 3.8 net revTaking a look at the presentation on their website, I believe that the 3.8 net revenue out of 10 wells is basicalling saying that they are drilling 10 gross wells in which their net interest works out to be 3.8 wells (or an average of 38% interest out of 100%). Have a read of the presentation. It should help.
Bullboard Posts