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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 poiseon Oct 03, 2016 4:42pm
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Post# 25303972

RE:RE:RE:RE:RE:RE:RE:RE:The Swap

RE:RE:RE:RE:RE:RE:RE:RE:The SwapReserves are subjective, questioning reserves is common and always changing. It could be adding reserves as well......new wells will change the ultimate number.   Time is used as a main factor to calculating reserves as one year production may also be insufficient.  It's really just part of the industry.   Hope that helps folks...
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Dealroom for high-potential pre-IPO opportunities