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

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Painted Pony Pete Ltd

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Comment by dalerules88on Jan 11, 2018 12:06am

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Post# 27330888

RE:RE:RE:RE:RE:RE:RE:RE:Pony cash costs 2017E and 2018E

just as folowup on the incremental cost post - all those calcs are BEFORE any liquids credits, so liquids pricing is just icing on that particular cake;

as outlined earlier, with liquids at 8% (50/50 NGL/Condensate) fetching say about $60/boe, that just about covers the CASH OPEX costs (again, before transport);

as such, the NG comes out of the ground basically free, even for PONY (which is part of the fundamental problem of the NG sector right now, another discussion)

so in conclusion, on cash flow basis, PONY is in a very manageable situation, IMO

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