painted pony tourmaline

October 25, 2020

A boe conversion ratio of 6 Mcf:1 bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. Tourmaline also announced the purchase of Polar Star Canadian Oil and Gas Inc. on February 14, 2020, for total cash consideration of $9.0 million, plus working capital adjustments. Painted Pony Energy is a Canadian stock, trading under the symbol Her scarves, shawls and wraps are fraught with intricate detail and look weightless. Cost Structure Improvements “Free cash flow” is defined as cash flow less total net capital expenditures. Initial rates from these wells were previously detailed in the Painted Pony press release dated November 6, 2019. experts mostly recommend to sell the stock. These terms should not be considered alternatives to, or more meaningful than net income (loss) and comprehensive income (loss) as determined in accordance with IFRS. It is not in the top four natural gas holdings for them. The forward-looking information is based on certain key expectations and assumptions made by Tourmaline, including expectations and assumptions concerning the following: completion of the Chinook transaction; prevailing and future commodity prices and currency exchange rates; applicable royalty rates and tax laws; interest rates; future well production rates and reserve volumes; operating costs the timing of receipt of regulatory approvals; the performance of existing wells; the success obtained in drilling new wells; anticipated timing and results of capital expenditures; the sufficiency of budgeted capital expenditures in carrying out planned activities; the timing, location and extent of future drilling operations; the successful completion of acquisitions and dispositions;  the state of the economy and the exploration and production business; the availability and cost of financing, labour and services; ability to market crude oil, natural gas and NGL successfully; and availability of funds from Tourmaline’s equity position in Topaz. They have a lot of debt but you have to look at the equity. This is a great way to play new LNG development. These wells represent a lateral length increase of approximately 70% over standard lateral length wells (1,800 meters) while only increasing capital costs by approximately 15%. In addition, there are no assurances the transaction will be completed. CALGARY, Alberta – Painted Pony Energy Ltd. (“Painted Pony” or the “Corporation”) (TSX: PONY) is pleased to announce first quarter 2020 financial and operating results.

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