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November 5, 2018 Painted Pony Grows Third Quarter Production By 38% and Announces Third Quarter Financial and Operational Results
Painted Pony Energy Ltd. (" Painted Pony " or the " Corporation ") ( TSX: PONY ) is pleased to report significant production volume growth of 38%, which includes a corresponding increase of 37% in liquids production, over the third quarter of 2017. HIGHLIGHTS: Increased third quarter 2018 average daily production by 38% to 350.0 MMcfe/d (58,330 boe/d) of which 9% was natural gas liquids, compared to 254.1 MMcfe/d (42,353 boe/d) of which 9% was natural gas liquids, during the third quarter of 2017;

Grew liquids production by 37% to 5,248 bbls/d, of which 45% was condensate, compared to 3,826 bbls/d during the third quarter of 2017;

Increased revenue from natural gas liquids by 78% to $28.6 million during the third quarter of 2018 compared to $16.1 million during the third quarter of 2017;

Realized an average price of $2.80/Mcfe including an average natural gas price of $2.10/Mcf, a 76% premium to the AECO (5A) daily spot price of $1.19/Mcf, during...
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July 31, 2018 Painted Pony Grows Second Quarter Adjusted Funds Flow from Operations by 116%, Increases Second Quarter Liquids Production by 98% and Announces Operational Update
Painted Pony Energy Ltd. (" Painted Pony " or the " Corporation ") ( TSX: PONY ) is pleased to announce second quarter 2018 financial and operating results, an operational update and director election results from the Annual General Meeting. HIGHLIGHTS: Increased adjusted funds flow from operations by 116% to $39.1 million ($0.24 per share basic), compared to $18.1 million ($0.13 per share basic) during the second quarter of 2017;

Increased average daily production by 48% to a 361 MMcfe/d (60,116 boe/d) of which 9% was natural gas liquids, compared to 243 MMcfe/d (40,574 boe/d) of which 7% was liquids, during the second quarter of 2017;

Grew liquids production by 98% to 5,514 bbls/d, of which 43% was condensate, compared to 2,779 bbls/d during the second quarter of 2017;

Realized an average price of $2.67/Mcfe ($16.02/boe) and an average natural gas price of $1.90/Mcf, a 61% premium to the AECO (5A) daily spot price of $1.18/Mcf during the second...
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July 11, 2018 Painted Pony announces significant liquids-rich well results on South Townsend block
Painted Pony Energy Ltd. (" Painted Pony " or the " Corporation ") ( TSX: PONY ) is pleased to announce results from two recent Lower Montney wells drilled on the northern edge of the South Townsend block. Preliminary results indicate production levels higher than Painted Pony management's Townsend type curve and include higher liquid yields compared to previous wells in the Townsend block. Painted Pony is encouraged by the results to-date and anticipates re-directing a portion of drilling activity within the existing 2018 development budget to better capitalize on these well results. South Townsend Results Painted Pony drilled two Lower Montney horizontal test wells from a single pad to vertical depths of approximately 2,000 meters and lateral lengths of approximately 1,900 meters. These wells were completed using an open-hole ball drop system and a modified completion program. Static gradient pressure tests indicated that both wells were approximately 1.8x over-pressured. Both wells...
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