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April 17, 2018 Painted Pony announces discovery well test results on Beg block in northeast British Columbia
Painted Pony Energy Ltd. (" Painted Pony " or the " Corporation ") ( TSX: PONY ) is pleased to announce significant discovery test results for the first Montney horizontal well drilled on the Beg block (the " Well "). This production test provided early flow data and liquids yields, and increases Painted Pony's confidence in the potential of this block. Beg Well Test Results Painted Pony drilled an upper Montney horizontal test well to a vertical depth of 1,800 meters and a lateral length of 2,267 meters. During the final 8 hours of the 6.6 day test period, the Well averaged an estimated rate over 2,000 boe/d including 10 MMcf/d of natural gas and an estimated 360 bbls/d of liquids (60% condensate and 40% NGLs) based on well head condensate plus calculated gas plant liquids recoveries from gas analysis. The flowing pressure of the Well at the conclusion of the test period was 1,625 psi through a 5/8 inch choke. At the conclusion of the test period, Painted Pony had recovered...
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April 6, 2018 Painted Pony Announces Participation in the Scotiabank CAPP Energy Symposium
Painted Pony Energy Ltd. (" Painted Pony " or the " Corporation ") ( TSX: PONY ) is pleased to announce participation in the Scotiabank CAPP Energy Symposium taking place at the Delta Hotel located at 75 Lower Simcoe Street , Toronto, Ontario on Tuesday and Wednesday, April 10 and 11, 2018. Mr. Pat Ward, President and CEO of Painted Pony, will be presenting at 3:20pm (EST) Tuesday April 10, 2018 in the Kensington Ballroom at the Delta Hotel. Painted Pony will be undertaking a series of meetings with 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 company based in Western Canada.  The Corporation is primarily focused on the development of natural gas and natural gas liquids from the Montney formation in northeast British Columbia.  Painted Pony's common shares trade on the TSX under the symbol...
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March 7, 2018 Painted Pony Announces 6.9 Tcfe of Proved Plus Probable Reserves, Record Annual Production and Adjusted Funds Flow from Operations, and 2017 Year-End Financial and Operating Results
Painted Pony Energy Ltd. (" Painted Pony " or the " Corporation ") ( TSX: PONY ) is pleased to announce that Proved Plus Probable reserves as at December 31, 2017 were 6.9 Tcfe representing year-over-year growth of 40%, record annual average daily production of 257 MMcfe/d (42,882 boe/d) complimented by a 93% increase in adjusted funds flow from operations to a Corporation record of $108 million , and 2017 year-end financial and operational results. 2017 Reserve Highlights: Increased Proved Developed Producing reserves by 64% to 797 Bcfe at year-end 2017 from 484 Bcfe at year-end 2016; Increased Proved Developed Producing net present value by 28% or $200 million to $905 million ($5.62 per share) compared to December 31, 2016 at a 10% discount rate using pricing from independent qualified reserves evaluators, GLJ Petroleum Consultants Ltd. ("GLJ"); Generated a finding, development and acquisition ("FD&A") Proved Developed Producing recycle ratio of 1.1 times, while finding and...
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