Painted Pony Pete Ltd PDPYF

RE:RE:RE:New Beg Jedney lands gets mention

[righand2]

Whampoa wrote: You are using strong language &quot;never and guaranteed&quot;.<br /> <br /> If you are correct, I am sure shareholders would prefer to see management conduct an auction process for Beg or Jedney.<br /> BlackSwan on the surface appear to be prime purchaser but so would Progress/Petronas, and CNRL ( who has wells nearby too).<br /> <br /> In a couple of years, with more cashflow and market winds at our backs, ex drilling will add much value to Beg and/or Jedney lands. IMO we&#39;d make way more money drilling/producing than outright sale.&nbsp;
Management has so far communicated Beg Jedney potential high liquids assets.

I guess we will see what happens. If PONY sells Beg and Jedney now, or later, it doesn't really affect the long term potential. Selling now frees up money for more drilling in their core area, which means more cash flow, which services a higher debt ceiling, and a higher share price. Selling later might bring in more cash at that time, but the company probably wouldn't be producing as much. Take your pick.