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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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Comment by Matlockon May 14, 2015 1:39pm
87 Views
Post# 23729253

RE:RE:RE:RE:RE:RE:RE:RE:Q1 - a comparison of companies

RE:RE:RE:RE:RE:RE:RE:RE:Q1 - a comparison of companiesTook a second look at this post.... cheap?  I certainly hope the production increase didn't directly result in the cash burn.

2600 boe/d times 90 days (Jan/Feb/Mar) = 234,000 boe increase in production.

If it cost $39 million to realize 234,000 boe in production, that is a cost of $167/boe.  They only earn revenue of $41.35/boe, meaning they lost $126/boe on that incremental production.

If $39 million is the cost of increasing production 234,000 boe, they'd have been smarter to shut off the taps!
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