Painted Pony announced that it has entered into an agreement to sell a 75% working interest in 11,280 gross acres (8,460 net), within the company’s NE BC Montney portfolio, for $45 mm in cash. Management has intimated that this transaction has no associated production or PDP reserve value, and thus the company has opted to make no changes to its formal 2019 guidance at this time. Playing its cards close to its chest, the company did not unveil any details as to which block of land
18 Oct 2019
Sells small parcel of Montney land for $45 mm
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Sells small parcel of Montney land for $45 mm
PAINTED PONY PETROLEUM (PPY:TSE) | 0 0 0.0%
- Published:
18 Oct 2019 -
Author:
FirstEnergy Research Team -
Pages:
6
Painted Pony announced that it has entered into an agreement to sell a 75% working interest in 11,280 gross acres (8,460 net), within the company’s NE BC Montney portfolio, for $45 mm in cash. Management has intimated that this transaction has no associated production or PDP reserve value, and thus the company has opted to make no changes to its formal 2019 guidance at this time. Playing its cards close to its chest, the company did not unveil any details as to which block of land