Peyto Exploration & Development Corp T.PEY

Alternate Symbol(s): PEYUF

Energy Oil & Gas E&P

Peyto Exploration & Development Corp. 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 Alberta Deep Basin is a geologic setting situated on the northeastern front of the Rocky Mountain belt in the deepest part of the Alberta sedimentary basin. It acquired Repsol Canada Energy Partnership (Repsol Assets), which included around 23,000 barrels of oil equivalent per day of low-decline production and 455,000 net acres of mineral land. The acquisition includes five operated natural gas plants with combined net natural gas processing capacity of around 400 million cubic feet per day, 2,200 kilometers (km) of operated pipelines, and a 12 MW cogeneration power plant. These assets include Edson Gas Plant and the Central Foothills Gas Gathering System. The Company has a total proved plus probable reserves of approximately 7.8 trillion cubic feet equivalent (1.3 billion barrels of oil equivalent).

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Peyto Exploration & Development Corp

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Comment by Corrigan1on Feb 22, 2012 4:31pm

353 Views

Post# 19569145

RE: RE: RE: RE: Peyto's Technical

In the January Presentation they show total liquids reserves of 34,113 barrels (oil and NGL's) out of a total of 259,678 barrels of oil equivalent. That makes their total reserves of liquids just 13%

If you are looking for a company with massive crude oil reserves this is not it. But if you are looking for a company with great gas leverage, this one will be a shooting star when the pice of NG recovers.

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