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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

Comment by Indicatoron Aug 23, 2020 12:53am
180 Views
Post# 31442811

RE:Required Reading BOE REPORT

RE:Required Reading BOE REPORTThis is very concerning and does not bode well for a better Pony escape route.

"Here is the kicker: Painted Pony Energy applied for assistance from the EDC, but it never showed up. Painted Pony had to sell itself at the bottom of a distressed market. The sad truth is that Painted Pony is only one of many companies facing these harsh new realities.  Over 100 energy industry companies are in different stages of getting creditor protection."

It-has-been-5-months-and-little-help-in-sight-for-the-oil-and-gas-sector

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