Current PPY:CA Stock Info

Painted Pony appoints directors, increases credit facility
Painted Pony (ticker: PPY) closed its acquisition of 108 net sections in Northeast British Columbia from UGR Blair Creek, a subsidiary of Unconventional Resources Canada. Painted Pony paid for this acquisition with 41 million shares of the company, which equates to $224 million at current prices. Painted Pony will also assume UGR’s $48 million in net debt.

Painted Pony reports that the acquisition adds 197 P2 drilling locations, and about 2 Tcfe of 2P reserves. Current production fr...

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