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Painted Pony Pete Ltd PDPYF

"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

Bullboard Posts
Comment by poiseon Sep 08, 2017 2:02pm
208 Views
Post# 26672934

RE:RE:$2.98........I rest my case.

RE:RE:$2.98........I rest my case. Drilling and fracking hz wells on the flanks of the main Sweet Spot exhibit larger than normal production declines.   Declines are up to 70% in one year.   Reservoir quality diminishes the further away from the structural and thick sequence.    The subpar reservoir has let's say, mini productive lenses and not one large homogeneous body.  Fracking is very effective to connect these mini reservoirs but declines will be high.  
Geology folks really takes the lead in investing in oil companies.
jmho
poise 
Bullboard Posts