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PENN WEST PETROLEUM LTD. T.PWE


Primary Symbol: T.PWT

Energy Oil & Gas E&P
"Penn West Petroleum, based in Calgary, Alberta, is an independent Canadian energy company focused on the exploration and production of oil and natural gas resources in Saskatchewan, Alberta, and British Columbia. At the end of 2015, the company reported proven reserves before royalties of 208 million barrels of oil equivalent. Daily production averaged 86,000 barrels of oil equivalent in 2015, at a ratio of 69% oil/31% gas."


TSX:PWT - Post by User

PENN WEST PETROLEUM LTD.
Bullboard Posts
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(3)
•••
Comment by lilbuggeron Dec 07, 2006 3:21pm
233 Views
Post# 11825583

RE: Vivian's comments

RE: Vivian's commentsWarrants exercised mean cash in the bank. Per the financial statements - - - During October 2006 and November 2006, 125,225 Warrants exercisable at $1.30 were exercised. The total number of Warrants outstanding at November 29, 2006 is 8,559,651. During November 2006, 175,000 Agent’s Options exercisable at $1.20 were exercised. The total number of Agent’s Options outstanding at November 29, 2006 is 905,000. The total number of common shares outstanding at November 29, 2006 is 39,636,464. According to this the Company received $373,000 since October 31, 2006. Add this to the $10 million plus at October 31 and it looks like the Company has some cash to spend on drilling. Looks like there is going to be news on future drilling results for a long time coming. Onward and upward GLTA
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities