Painted Pony Pete Ltd PDPYF

RE:RE:PONY profitable nat gas rates and key takeaways

[bigreturn11]

Global demand and much higher prices - That is why 7 bcf/day is required to supply LNG terminals on B.C.'s west coast which will be fed by pipelines beneficially directly adjacent to PONY land. 

Approved LNG projects neighboring the Montney lands

• Fortis B.C. - Phase I expansion slated for first shipments in 2023
• LNG Canada - Phase I first shipments slated for early 2024
• Woodfibre - proposed first shipments in 2025

Much of Asia, Europe pays $8 to $10/mcf for gas.  Cleaner energy and money to be made for nat gas producers. Everyone wins on the LNG deal.

Tax revenue - have the feds not more than doubled national debt in the midst of the covid crisis? Is auto manufacturing or forestry goig to pay back the debt?  Debt will be reduced with energy royalties and tax revenue in the next couple of decades. The Federal government has to recognize this by now....Yes, everyone wins.    

Kramerkarma wrote:
the most bullish way to say it is: they earned 5 Mill at 53,141boe and 2.55 so cash costs to run the wells are 2.55 -5M (.17c mcf) so break even is 2.38. This is very low. Were used to cheap gas but properly priced (without shale flooding the market and needing to burn it [flairing] because it takes up too much space in full pipelines) gas is 4$ CAD. Our way of life is so used to buying beer smokes and fast food over heating our homes and turning on the lights. Luxurys will be traded if we have a deficit of gas tho. Just look at the 20 year average of European gas prices . Probably closer to 10$ US. Pony is for gas bulls.