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Painted Pony Pete Ltd PDPYF

Energy
"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

Painted Pony Pete Ltd
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Post by fireintheholeon Jan 25, 2010 10:21pm
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Post# 16717813

More oil sector news...

More oil sector news...I see today, that Shell is cutting back on it's expansion in the oilsands due to increasing costs and focusing on other parts of the world where it is less expensive to explore and drill. This has got to be good news for the Bakken players, such as Painted Pony, where it is so much less costly to do E&D. Link to story, below.

https://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/high-oil-sands-costs-driving-shell-elsewhere/article1443623/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheGlobeAndMail-Front+%28The+Globe+and+Mail+-+Latest+News%29





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