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March 11, 2020 Painted Pony Announces Fourth Quarter and Full Year 2019 Financial and Operating Results, 2019 Year-End Reserves, and Improved Cost Structures
CALGARY, Alberta, March 11, 2020 (GLOBE NEWSWIRE) - Painted Pony Energy Ltd. (“ Painted Pony ” or the “ Corporation ”) ( TSX: PONY ) is pleased to announce fourth quarter and full-year 2019 financial and operating results, year-end 2019 reserves, 2020 first-half capital spending, and anticipated future reductions to transportation, processing, and general and administrative expenses (" G&A ").
HIGHLIGHTS Reduced bank debt at 2019 year end by 26% or $43 million to $120 million when compared to 2018 year-end bank debt of  $163 million;

Closed the sale of a 75% working interest on 11,280 gross acres (8,460 net acres) in the South Townsend block during the fourth quarter of 2019 for total cash consideration of $45 million;

Drilling began in March 2020 on an eight-well Montney program by joint venture partner and project operator Tourmaline Oil Corp. on the 25% working interest South Townsend block;

Amended processing and transportation...
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November 8, 2019 Painted Pony Announces Closing of Asset Sale
CALGARY, Alberta, Nov. 08, 2019 (GLOBE NEWSWIRE) - Painted Pony Energy Ltd. (" Painted Pony " or the " Corporation ") ( TSX: PONY ) is pleased to announce the closing of the previously announced asset sale (the “ Asset Sale ”) of a 75% working interest in 11,280 gross acres (8,460 net acres) in the northeast British Columbia Montney for cash consideration of $45 million.
The Asset Sale acreage totals approximately 4% of Painted Pony’s total Montney acreage prior to closing.  As at closing and net of the cash proceeds from the Asset Sale, Painted Pony’s bank debt is estimated to be $120 million on a $375 million syndicated credit facility. DEFINITIONS AND ADVISORIES Currency: All amounts referred to in this press release are stated in Canadian dollars unless otherwise specified. ABOUT PAINTED PONY
Painted Pony is a publicly-traded natural gas company based in Western Canada. The Corporation is focused on the development of natural gas and natural gas liquids from the...
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November 6, 2019 Painted Pony Announces Bank Line Reaffirmed at $375 Million, and Third Quarter Financial and Operating Results
CALGARY, Alberta, Nov. 06, 2019 (GLOBE NEWSWIRE) - Painted Pony Energy Ltd. (“ Painted Pony ” or the “ Corporation ”) ( TSX: PONY ) is pleased to announce the Corporation's total credit capacity remains at $397 million, positive longer lateral well tests, and third quarter 2019 financial and operating results.
RECENT HIGHLIGHTS: Announced the sale of a 75% working interest in a block of 100% Painted Pony-owned 11,280 gross acres (8,460 net acres) (the " Asset Sale ") for cash consideration of $45 million and which is expected to close on November 8, 2019;
Maintained $397 million of credit capacity composed of a reaffirmed $375 million syndicated  facility with no financial covenants and a $22 million unsecured letter of credit facility backstopped by Export Development Canada, and;
Initiated flow back of three wells on the 74-F pad at Blair with lateral sections averaging greater than 3,000 meters which produced a combined flow rate of approximately 35 MMcf/d in...
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Reporting Dates

  • 2019 Q4: March 11, 2020
  • 2020 Q1: May 6, 2020
  • 2020 Q2: July 29, 2020
  • 2020 Q3: November 4, 2020
  • 2020 Q4: March 12, 2021

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

Whistleblower Hotline

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.

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