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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 TheGeneral1on Apr 20, 2017 4:17pm
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Post# 26145385

RE:UGR's Montney cost per well and Condensate Volumes

RE:UGR's Montney cost per well and Condensate VolumesPPY bought ugr because their wells are more rich in condensate and other producers are not as concentrated in one area so their transportation costs are more. What are the other producers you are referring to?, I am pretty sure there are producers that have lower condensate results than ppy aswell. There is more to their business plan that percentage of condensate. If ppy is pumping more than company x which is not drilling, they will be creating more condensate.
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