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Peyto Exploration & Development Corp T.PEY

Alternate Symbol(s):  PEYUF

Energy Oil & Gas E&P
Peyto Exploration & Development Corp. is a Canada-based oil and natural gas company. The Company conducts exploration, development and production activities in Canada. It is a Canadian energy company involved in the development and production of natural gas, oil and natural gas liquids in Alberta’s deep basin. The Company’s total Proved plus Probable reserves are 5.6 trillion cubic feet equivalent (929 million barrels of oil equivalent) as evaluated by its independent petroleum engineers. Its production’s weight is approximately 89 per cent to natural gas and 11 per cent to natural gas liquids.


TSX:PEY - Post by User

Peyto Exploration & Development Corp > New lands postion
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Comment by MikeySwooshon Nov 04, 2022 4:12pm
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Post# 35074345

RE:RE:New lands postion

RE:RE:New lands postion
Yasch22 wrote: Sportster, do you think the recent purchase of ~100 sections cost $26m?
That would mean $260,000 per section, or ~$1000 per hectare.

I still think Peyto bought more than land with the $26m. Remember how they delayed the announcements + full details for both Cecilia and Aurora "bolt-ons"?


https://www.peyto.com/Files/Presentations/2022/CorpPresSep2022.pdf

Page 27 from the September 13th presentation, and in subsequent updates...

Property acquisition: 

- $26 million, effective Jul 2022, close Sep 2022

- 50 Gross (42.0 Net) sections of land (Belly River, Cardium, Spirit River rights) with up to 40      internally identified wells

- 650 boe/d at Jul 2022 from 12G/12N wells
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