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 10:44pm

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Post# 27339080

RE:RE:RE:AECO vs. US pricing

from latest pony presentation, pg. 12

for 2018, Aeco spot is 12%

the remainder of what you mentioned is fixed price contracts/hedged;

i.e. 60% fixed price contracts, of which 45% is aeco hedged @ 3.13/mcf, for the entire 2018

and as we established last night, incremental production cash cost is $0.71/mcf, so with Aeco spot around $2.00, Pony still makes $1.29/mcf incremental cash flow

in other words, even after hedges roll off, anything over Aeco $0.71/mcf and pony makes positive cash flow from each additional barrel produced beyond their flatline production

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