Search

investors
April 5, 2017 Painted Pony Announces Closing of $111 Million Equity Financing Including Full Exercise of the Over-Allotment Option
NOT FOR DISSEMINATION IN THE UNITED STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW Painted Pony Petroleum Ltd. (" Painted Pony " or the " Corporation ") (TSX:PPY) is pleased to announce that it has closed its previously announced bought deal financing (the " Offering "). Pursuant to the Offering, the Corporation has issued a total of 19,820,000 common shares in the capital of the Company (" Common Shares "), which included the full exercise of the over-allotment option granted to the underwriters of the Offering. All of the Common Shares were issued at a price of $5.60 per Common Share for gross proceeds of approximately $111 million . The Offering was co-led by Cormark Securities Inc. and TD Securities Inc. and also included GMP FirstEnergy, Scotia Capital Inc., Canaccord Genuity Corp., RBC Capital Markets, Raymond James Ltd., AltaCorp Capital Inc. and CIBC World Markets Inc. Certain affiliates, insiders and employees of...
Read More
March 15, 2017 Painted Pony Announces Strategic Montney Acquisition and $100 Million Equity Financing
NOT FOR DISSEMINATION IN THE UNITED STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW. Painted Pony Petroleum Ltd. (" Painted Pony " or the " Corporation ") ( TSX:PPY ) is pleased to announce that it has entered into a share purchase agreement (the " Agreement ") to acquire all of the issued and outstanding shares of UGR Blair Creek Ltd. (" UGR ") (the " Acquisition "), a privately held 100% controlled subsidiary of Unconventional Resources Canada, LP (" URC "), a portfolio investment held in certain private equity funds advised by ARC Financial Corp. (such funds, collectively, " ARC ") and EnCap Investments, L.P. (such funds, collectively, " EnCap "). UGR operates high working interest Montney assets with established production, infrastructure and land holdings jointly with and adjacent to Painted Pony's assets in northeast British Columbia (" NEBC "). Please refer to the area map (exhibit 1) included in this press release....
Read More
March 6, 2017 Painted Pony announces updated 2017 capital budget, updated 2018 development plans, and attendance at the GMP FirstEnergy East Coast Energy Symposium
Painted Pony Petroleum Ltd. (" Painted Pony " or the " Corporation ") ( TSX: PPY ) is pleased to announce updated 2017 capital budget and 2018 development plan details.  Consistent with Painted Pony's strategy of capital discipline and due to the recent decline in forward strip natural gas prices, the Corporation has decided to reduce the level of capital spending during 2017 and 2018 to ensure the Corporation maintains its current financial flexibility. Highlights: 2017 Capital Budget Reduced 2017 capital spending to $288 million from previously announced capital budget of $319 million; Expect 2017 annual average daily production of approximately 260 MMcfe/d (43,000 boe/d), an 85% production per share increase over 2016 annual average daily production of 139.2 Mcfe/d (23,204 boe/d); Anticipate drilling 58 net wells and completing 51 net wells as part of the 2017 capital program. 2018 Development Plans Expect capital spending in 2018 of $216 million , down from previous 2018 capital...
Read More
Archives Subscribe to PPY News

Reporting Dates

  • 2016 Q4: February 27, 2017
  • 2017 Q1: May 10, 2017
  • 2017 Q2: August 9, 2017
  • 2017 Q3: November 8, 2017

Emergency Phone: 1-888-775-0440

PAINTED PONY PETROLEUM LTD.

Suite 1800, 736 – 6th Avenue SW Calgary, AB T2P 3T7 P: 403 475-0440 F: 403 238-1487 TF: 1-866-975-0440 E: info@paintedpony.ca

24-HOUR EMERGENCY CONTACT

Call 1-888-775-0440 to report concerns regarding any of Painted Pony’s field operations. This is for EMERGENCIES ONLY and does not connect to Painted Pony’s head office.

PAINTED PONY PETROLEUM LTD.

Suite 1800, 736 – 6th Avenue SW Calgary, AB T2P 3T7 P: 403 475-0440 F: 403 238-1487 TF: 1-866-975-0440 E: info@paintedpony.ca