Pennant Energy Inc PENFF

Numbers Are Up On SEDAR

[Leewardcape]

Not good.......

See the 6th,7th and 8th paragraphs on page 11 of the MD&A

The company is making Revenues of 89,749/month on all of their properties........

[wintersun10]

Results of Operations   During the six month period ended December 31, 2012, the Company recognized a total of $538,477 (2011 - $295,409) inpetroleum and gas revenues. The Company paid $41,761 (2011 - $26,648) in royalties and $241,698 (2011 - $133,034) inproduction expenses. The revenues were derived from the sale of the following:   Bigstone property - 1,532.90 E³M³ of gas, 0

[wintersun10]

  9   The following table reports unit prices of petroleum and gas sold from the Bigstone property during the six month period ended December 31, 2012:     Bigstone   July August September October November December   Butane / m³ $380.52 $399.58 $395.52 $377.26 $368.53 $372.39 Condensate / m³ $519.99 $542.15 $554.82 $551.77 $538.67 $572.01 Ethane / m³ -

[wintersun10]

first 3 months (July, August, September) Nat Gas was around $2 the next 3 months(Oct, Nov, Dec) it was around $3 and prices for the NGL's remained flat or increased a bit over time

[pennymaker69]

Wow the Milking keeps going. Only a profit of $300 what a joke. Everyone notice they didn't report everything either? Where was the info on the pemina well ?   From MD&A   Consulting Agreement   On January 1, 2013, the Company entered into a consulting agreement with G.K. Braun Limited, a company controlled by the Company’s new President, Garth Braun. The Company has agreed

[Focusakker]

I'm looking for some help here in trying to figure out how the six month financials are not a disaster.  Not even $200k from the two Bigstone wells?  $33k from the second well? I know the third well is not included in the financials until the first quarter but s**t! At this rate, the first well will take approximately 5 years to pay back the initial investment and the second will

[wintersun10]

it depends a lot on the prices they get, the first three months the nat gas price was much lower, so the question is will nat gas recover or not, and of course will the price for NGL's improve, improved prices are the way out of the hole.  with so many fewer wells drilled sooner or later nat gas will go up, you can see it with PEN alone it takes about a year after drilling before the well

[Focusakker]

Thanks, Paul