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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

Post by Oldnaggeron Sep 02, 2020 3:01pm
256 Views
Post# 31495835

Share swap

Share swapThe offer from CNRL is so ridiculously low (i.e less than 18% of asset value) that even a share swap with a company that had cash greater or equal to the debt and yet no reserves or production whatsoever would still be much better than the CNRL offer
At least that way we would be able to keep half of our assets debt free.
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