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

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Painted Pony Pete Ltd

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Post by lifeundergradon May 06, 2015 7:21pm

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Post# 23702062

B.C. First Nations group pushes back against Petronas LNG

"In early voting, members of the Lax Kw’alaams have overwhelmingly declined to give their consent for exporting natural gas in liquid form, despite being offered $1-billion in cash from the Pacific NorthWest LNG joint venture led by Malaysia’s state-owned Petronas."

Source: https://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/bc-first-nations-group-pushes-back-against-petronas-lng-venture/article24293970/

Not looking good rn...hypothetical question, if the vote ends up being 100% no, does that effectively kill the LNG project? How much hinges on the approval here?

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