January 19, 2017
Painted Pony to attend the CIBC 20th Annual Whistler Institutional Investor Conference
Painted Pony Petroleum Ltd. (" Painted Pony " or the " Corporation ") (TSX: PPY) is pleased to announce that it will be presenting at the CIBC 20th Annual Whistler Institutional Investor Conference taking place January 25 and 26, 2017 at the Fairmont Chateau Whistler in Whistler, British Columbia . Mr. Pat Ward, President and CEO of Painted Pony, will be presenting at 4:35pm (PST) Wednesday January 25, 2017 in the Macdonald C room at the Fairmont Chateau Whistler. Interested parties can access an audio broadcast of this presentation at the following link: https://webcasts.welcome2theshow.com/cibcwhistler2017 The Corporation will be undertaking a series of presentations to institutional investors while at this conference. Interested parties are invited to view the Corporation's investor presentation on Painted Pony's website, www.paintedpony.ca ABOUT PAINTED PONY Painted Pony is a publicly-traded natural gas Corporation based in Western Canada. The Corporation is primarily focused on...
January 5, 2017
Painted Pony Achieves 2016 Exit Production of more than 240 MMcfe/d (40,000 boe/d), Announces Operational Update and Attendance at the TD Securities London Energy Conference
Painted Pony Petroleum Ltd. (" Painted Pony " or the " Corporation ") ( TSX: PPY ) is pleased to announce that production volumes, based on field estimates, averaged over 240 MMcfe/d (40,000 boe/d) during the month of December 2016 with liquids making up approximately 9% of total production volumes or more than 3,600 bbls/d. Exiting 2016 with production volumes at these levels was a significant goal for Painted Pony and one which, in conjunction with the commissioning of the AltaGas Townsend Facility (the " Townsend Facility "), marked a significant milestone for the Corporation. Mr. Pat Ward, President and CEO of Painted Pony said, "The production growth we achieved during 2015 and 2016 was generated solely through drilling on our industry-leading Montney property. Between the fourth quarter of 2013 with production of 9,312 boe/d and our fourth quarter exit production volumes in 2016 of more than 40,000 boe/d, we have organically grown our production by 330%." Mr. Ward continued by...
November 13, 2016
Painted Pony Announces Expanded 2017 Capital Budget, Increased 2017 Production Forecast, Increased Firm Transportation And Conference Participation
Painted Pony Petroleum Ltd. (" Painted Pony " or the " Corporation ") ( TSX: PPY ) is pleased to announce an expanded 2017 capital budget to accelerate 2017 production. The planned accelerated production, relative to the previously expected 2017 average annual production volumes, is due to a 100 MMcf/d expansion by AltaGas Ltd. (" AltaGas ") of the AltaGas Townsend Facility (" Townsend Facility "). Construction is expected to be complete and ready for incremental volumes of natural gas by the end of 2017. HIGHLIGHTS: Planned accelerated expansion of the Townsend Facility and associated infrastructure by an incremental 100 MMcf/d in 2017; Estimated capital cost reductions for the Townsend Facility expansion are expected to reduce Painted Pony's capital lease fee per Mcfe on the expansion by more than 30%; Increased expected 2017 year-end exit production volumes to 408 MMcfe/d (68,000 boe/d) with a 2017 capital budget of $319 million ; Forecasted to deliver annual average daily...