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Painted Pony Energy Ltd (PONY.TO)

PONY.TO on Toronto Stock Exchange

2.70CAD
25 Apr 2018
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$0.18 (+7.14%)
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Volume
1,166,688
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$1.65

Latest Key Developments (Source: Significant Developments)

Painted Pony Energy Ltd Appoints Stuart Jaggard CFO
Wednesday, 7 Mar 2018 

March 7 (Reuters) - Painted Pony Energy Ltd ::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 - INCREASED ADJUSTED FUNDS FLOW FROM OPERATIONS DURING Q4 BY 33% TO $35 MILLION.PAINTED PONY ENERGY LTD - STUART JAGGARD, VICE PRESIDENT, FINANCE, IS APPOINTED CHIEF FINANCIAL OFFICER OF CO ON MARCH 7, 2018.  Full Article

Painted Pony quarterly ‍funds flow from operations $0.18 per share
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - Painted Pony Energy Ltd ::Painted pony announces record current production, further gas market diversification, increased credit facilities, and third quarter 2017 financial and operating results.Painted pony energy ltd qtrly ‍funds flow from operations $0.18 per share​.Says ‍current production of approximately 360 MMCFE/D (60,000 BOE/D)​.Says ‍Painted Pony has secured commitments to increase corporation's syndicated credit facilities to $450 million from $400 million​.Says Co chose to shut in about 130 MMCFE/D (22,000 BOE/D) in Oct, but began ramping up production in late Oct with higher prices​.Says continues to expect annual production volumes for 2017 to average between 261 MMCFE/D and 276 MMCFE/D ​.  Full Article

Painted Pony announces updated 2017 capital budget and 2018 development plans
Wednesday, 30 Aug 2017 

Aug 30 (Reuters) - Painted Pony Energy Ltd :Painted Pony announces updated 2017 capital budget and 2018 development plans.Painted Pony Energy Ltd - ‍combined $72 million reduction to 2017 capital budget​.Painted Pony Energy Ltd - ‍2018 development plan comprised of a $33 million reduction in 2017 and a $39 million reduction in 2018​.Painted Pony Energy Ltd - ‍expected 2017 annual average daily production to be between 261 MMcfe/d (43,500 boe/d) and 276 MMcfe/d (46,000 boe/d)​.Painted Pony Energy Ltd - ‍anticipated 2018 annual average daily production to be between 411 MMcfe/d (68,500 boe/d) and 432 MMcfe/d (72,000 boe/d)​.Painted Pony - ‍revised 2017 capital budget of $314 million is about 10% lower than $347 million capital budget disclosed by Painted Pony on March 15​.Painted Pony Energy Ltd - ‍has four rigs currently running with an expectation to drill a total of 50 net wells in 2017​.Painted Pony Energy-2017 annual production guidance being influenced by about 6 MMcfe/d of voluntary production shut-ins due to low natural gas prices​.Painted Pony Energy-production volumes during Q4 2018 expected to average between 462 MMcfe/d (77,000 boe/d) and 480 MMcfe/d (80,000 boe/d).  Full Article

Painted Pony enters into an investment agreement with Magnetar Capital
Thursday, 10 Aug 2017 

Aug 9 (Reuters) - Painted Pony Energy Ltd -:Painted Pony announces strategic financing, executive appointment, record production volumes, and second quarter 2017 financial and operating results.Entered into an investment agreement with Magnetar Capital.Qtrly earnings per share $0.10.Magnetar capital agreed to invest c$200 million in co, consisting of c$150 million of notes and c$50 million of debentures.Qtrly funds flow from operations $0.13/share.  Full Article

Painted Pony announces retirement of CFO
Tuesday, 27 Jun 2017 

June 27 (Reuters) - Painted Pony Energy Ltd -:Painted Pony announces retirement of CFO.Painted Pony Energy - John H. Van de Pol, CFO, has advised Painted Pony's board of directors and executive team of his intention to retire.Painted Pony Energy Ltd - van de pol's retirement will be effective august 15, 2017.Painted Pony Energy Ltd - an executive search firm has been engaged to find a suitable replacement..  Full Article

Painted Pony says increased production by 116 pct to 215.3 mmcfe/d (35,878 boe/d) in Q1
Wednesday, 10 May 2017 

May 10 (Reuters) - Painted Pony Petroleum Ltd :Painted Pony reports increased credit facilities and first quarter 2017 financial and operating results.Increased production by 116% to 215.3 mmcfe/d (35,878 boe/d), in-line with previously released guidance in q1.Corporation has entered into an agreement to increase its credit facilities to $500 million.Painted Pony's pro forma 2017 capital program is expected to be $348 million.Painted Pony expects pro forma production volumes during q2 of 2017 to average approximately 234 mmcfe/d.Average pro forma production volumes for 2017 are expected to be approximately 290.0 mmcfe/d.Qtrly funds flow from operations $0.25.  Full Article

Painted Pony announces acquisition and $100 mln equity financing
Wednesday, 15 Mar 2017 

Painted Pony Petroleum Ltd : Painted Pony announces strategic montney acquisition and $100 million equity financing . Painted Pony Petroleum Ltd - total consideration of 41.0 million common shares of Painted Pony will be issued to urc . Painted Pony Petroleum Ltd - Painted Pony will also assume other expected transaction costs of arc, encap, urc and ugr . Painted Pony Petroleum Ltd- portion of proceeds will be used to fund drilling on acquired assets and on existing Painted Pony lands . Painted Pony Petroleum Ltd- balance of proceeds will be used to reduce bank indebtedness and general corporate purposes . Painted Pony Petroleum Ltd - total consideration for ugr of approximately $276.6 million . Painted Pony Petroleum Ltd - acquisition significantly increases painted pony's reserves base, increasing 2p reserves by 39% or 2.0 tcfe . Painted Pony Petroleum Ltd - acquisition also increases painted pony's reserves base, increasing 1p reserves by 29% or 768 bcfe . Painted Pony Petroleum Ltd - expanded program would take painted pony's 2017 capital program to $348 million from current forecast of $288 million . Painted Pony Petroleum Ltd - believes that incremental activities will drive production and cash flow accretion in first full year of ownership . Painted Pony petroleum-2018 annual average daily production seen to be up about 41% from 360 mmcfe/d (60,000 boe/d) to 509 mmcfe/d (84,800 boe/d).  Full Article

Painted Pony Petroleum says reduced 2017 capital spending to $288 mln
Monday, 6 Mar 2017 

Painted Pony Petroleum Ltd : Painted Pony Petroleum Ltd - reduced 2017 capital spending to $288 million from previously announced capital budget of $319 million . Painted Pony Petroleum Ltd - expect capital spending in 2018 of $216 million . Painted Pony Petroleum Ltd - anticipate drilling 58 net wells and completing 51 net wells as part of 2017 capital program . Painted Pony Petroleum Ltd - expect to drill 37 net wells and complete 42 net wells in 2018 . Painted Pony Petroleum Ltd - anticipate annual average daily production in 2018 of 360 mmcfe/d (60,000 boe/d) . Painted Pony Petroleum Ltd - expect 2017 annual average daily production of approximately 260 mmcfe/d . Painted Pony Petroleum Ltd - 2018 capital plan is expected to deliver annual average daily production of 360 mmcfe/d (60,000 boe/d) . Painted Pony - believes decision to reduce 2017 capital budget, reduction to 2018 development plan is based on current commodity strip price outlook .Painted Pony - production levels from reduced 2017 budget, 2018 development plan are expected to fulfill co's take-or-pay processing commitments.  Full Article

Painted Pony says daily production volumes for 2017 expected to average around 288 mmcfe/d
Thursday, 5 Jan 2017 

Painted Pony Petroleum Ltd : Painted Pony achieves 2016 exit production of more than 240 mmcfe/d (40,000 boe/d), announces operational update and attendance at the TD Securities London Energy Conference . Daily production volumes for 2017 are expected to average approximately 288 mmcfe/d . Painted Pony Petroleum Ltd - Q4 2016 daily production volumes averaged approximately 218.7 mmcfe/d . Painted Pony Petroleum - liquids production volumes in 2017 expected to be more than 9 pct of total production volumes or approximately 4,400 bbls/d . Painted Pony Petroleum Ltd - since November 2016, Painted Pony has hedged an additional 56.5 mmcf/d on contracts for 2017 and 2018 . Anticipates 2017 forecasted exit production volumes to be approximately 408 mmcfe/d . Painted Pony Petroleum Ltd says daily production volumes for 2017 are expected to average approximately 288 mmcfe/d (48,000 boe/d) .Painted Pony Petroleum - hedged total of 65 pct of natural gas production during 2017 at average price of $3.30/mcf on AECO swaps (51 pct of hedged volumes).  Full Article

Painted Pony Petroleum announces swap of montney acreage and wells with industry partner
Thursday, 28 Jul 2016 

Painted Pony Petroleum Ltd : Painted Pony Petroleum announces swap of montney acreage and wells with industry partner . Co's average working interest across its montney acreage will increase from 75% currently to greater than 86% at closing .Says transaction is anticipated to have a neutral impact on Painted Pony's reserves.  Full Article

BRIEF-Painted Pony Energy Ltd Appoints Stuart Jaggard CFO

* 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