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

Bullboard Posts

Comment by bigreturn11on Apr 24, 2020 3:37pm

151 Views

Post# 30951240

RE:RE:RE:RE:RE:one of many SAGD shut ins

Yes i read that too John. It's a bit of a different situation when you have no customer and your business is on life support. ATH is in major trouble. ATH makes relatively zero impact in the Canadian market weather they are shut in or not. Inconsequential and a moot point. Save your breath for your next narcissistic comment.

The major players are not halting steam injection. It's is as simple as that Johnny boy.

JohnFriesen wrote:

bigreturn11 wrote:

My point, and I'm sure you could interpret this if you had a better attitude, is that the heat is not coming off for SAGD wells. Is not going to happen.

.

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