Search

investors
March 6, 2019 Painted Pony Announces Record Adjusted Funds Flow, 19% Increase in Proved Developed Producing Reserves Delivering a 3.1 Times Recycle Ratio, 2018 Year-End Financial and Operating Results
Painted Pony Energy Ltd. (" Painted Pony " or the " Corporation ") ( TSX: PONY ) is pleased to announce year-end 2018 financial and operating results and reserves as of December 31, 2018. HIGHLIGHTS Financial Achieved record annual adjusted funds flow for Painted Pony of $175 million ($1.08 per share) in 2018 compared to $109 million ($0.78 per share) during 2017, an increase of 38% per share; Increased adjusted funds flow during the fourth quarter of 2018 by 65% to $59 million ($0.36 per share) compared to $36 million ($0.22 per share) during the fourth quarter of 2017; Reduced 2018 year-end net debt by 10% or $37 million when compared to the third quarter of 2018; and Increased fourth quarter 2018 net income and comprehensive income by 70% to $63 million ($0.39 per share) compared to $37 million ($0.23 per share) during the fourth quarter of 2017. Reserves Increased Proved Developed Producing ("PDP") reserves by over 19% to 951 Bcfe at year-end 2018, from 797 Bcfe at year-end 2017;...
Read More
December 17, 2018 Painted Pony Announces Fully-Funded 2019 Capital Budget
Painted Pony Energy Ltd. (" Painted Pony " or the " Corporation ") ( TSX: PONY ) announces a 2019 capital program focused on preserving financial flexibility and maintaining capital discipline. The Corporation's ongoing risk management program, which includes hedging using both financial and physical contracts, combined with diversified transportation arrangements allows Painted Pony to optimize the 2019 capital program which will be fully funded by internally generated adjusted funds flow from operations. 2019 CAPITAL BUDGET Painted Pony's Board of Directors has approved a 2019 development capital budget which consists of: Investing between $95 million and $110 million of development capital approximately matching anticipated 2019 adjusted funds flow from operations, and;

Delivering annual average daily production volume between 324 MMcfe/d (54,000 boe/d) and 336 MMcfe/d (56,000 boe/d). Pricing and Transportation Diversification: Fixed price contracts on approximately 50%...
Read More
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...
Read More
Archives Subscribe to PONY News Contact PONY Investor Relations

Emergency Phone: 1-888-775-0440

PAINTED PONY ENERGY LTD.

1200, 520 3 Avenue SW Calgary, Alberta T2P 0R3 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 ENERGY 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