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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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(23)
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Comment by Squint1on Aug 12, 2020 8:59pm
172 Views
Post# 31401098

RE:RE:RE:Seriously ...

RE:RE:RE:Seriously ...It would seem a simple solution is to sell some more land parcels.  Tourmaline just bought some - maybe they or others would have been interested in more at the right price.  That could keep them going.
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Oldnagger wrote: I hear your concerns and I sympathize with your dilemma.However I seriously doubt
that the banks would kill a going concern in this manner and furthermore I doubt very much that they could
given that Painted Pony probably wont need additional financing and that there are other alternatives to financing. The players in Western Canada have always been very creative at financing including farmouts, overriding royalties on production, non bank lenders etc.
Please don't fall victim to the fear-mongering out there.
There are others on this BB who are much more knowledge-able than I and I would welcome their opinion.


Bullboard Posts
Dealroom for high-potential pre-IPO opportunities