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Painted Pony Pete Ltd PDPYF

Energy
"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

Painted Pony Pete Ltd
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Comment by poiseon Feb 25, 2016 8:45pm
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Post# 24596842

RE:RE:Fyi

RE:RE:Fyi

AltaGas Ltd. said Thursday it is shelving its Douglas Channel LNG plant, widely considered one of the B.C. frontrunners, saying it was unable to find customers for the super-cooled natural gas.

“The Douglas Channel consortium has been unable to secure meaningful off-take agreements for the project,” AltaGas CEO David Cornhill said during his company’s fourth-quarter earnings call.

The announcement marks the first time a Canadian LNG proposal has been shelved due to a lack of customers.

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Dealroom for high-potential pre-IPO opportunities