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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 bigreturn11on Apr 24, 2020 12:27pm
124 Views
Post# 30949961

RE:one of many SAGD shut ins

RE:one of many SAGD shut insI'm gessing that he smallest fish like ATH are the first ones to fully shut in with no other alternative options and can't even send down the pipeline at a loss. You have to think that the bigger sagd players are keeeping the heat on, and only cutting what is absolutely essential.   

cashtango00 wrote:

CALGARY -- Athabasca Oil Corp. is suspending operations at its Hangingstone SAGD oilsands operation due to the drop in oil prices and the COVID-19 pandemic.

The company says it's also reducing its corporate staff by 15 per cent

The shutting down of Hangingstone involves shutting in the well pairs and halting steam injection to the reservoir as well as ensuring that the processing facility and pipelines can be re-started in the future.



Bullboard Posts