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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


OTCPK:PDPYF - Post by User

Painted Pony Pete Ltd
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Comment by Don2018on Nov 09, 2019 8:12am
184 Views
Post# 30330971

RE:RE:Painted Pony closes B.C. Montney asset sale for $45M

RE:RE:Painted Pony closes B.C. Montney asset sale for $45M
anymuse wrote: Rough math, the Montney acerage alone is worth 2.5 times the debt based on this sale price. One of the better values you'll find at this share price, this is a buy all day long.


If PONY only sold the Beg and Jedney properties, which are outside of their core area and they will probably never develop, the resulting funds would wipe out our bank debt.

"Investors" are incapable of simple math.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities