OTCPK:PDPYF - Post by User
Post by
Windyhillon May 26, 2019 6:51am
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Post# 29773716
PONY now has access to global market pricing
PONY now has access to global market pricingYou asked..... what has fundamentally changed? PONY produced gas is now on its way to Japan for the first time ever...... Via ALTAGASs RIPET. The Sumire tanker has set sail or steaming on its way to Japan. The Maple Gas now loading. I expect this SP will move upwards on the official opening of the RIPET facility when all of the, PRESS coverage, Government officials, PONY executives, and other Montney producers attend the official opening ceremony. This access is the game changer for the Montney producers accessing global pricing for their Gas production. Below is Mr. Wards comments from the most recent earnings report. During the second quarter of 2019 Painted Pony is delivering 100% of propane volumes to AltaGas's Ridley Island Propane Export Terminal ("RIPET") to access overseas markets. Exporting propane volumes through RIPET is expected to provide Painted Pony with a superior netback on propane production volumes compared to continuing sales in the domestic market Now riding this PONY in the sunset all the way to Japan! GLTA. Read more at https://stockhouse.com/news/press-releases/2019/05/01/painted-pony-maintains-credit-capacity-and-reduces-net-debt-by-55-million#K3IEPvSTvpqWZq3S.99