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

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Painted Pony Pete Ltd > Convertible Debentures

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Post by Runaway1492on Jul 02, 2020 4:03am

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Post# 31214383

Convertible Debentures

Pony has 46MM in Convertible Debentures coming due for payment in the summer of 2021.

If the investor decides not to convert to shares what are expectations for how Pony would handle this situation?

Could they pay back the debt?

Could they extend the terms?

Thoughts?

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