Painted Pony Energy (TSE: PONY)
Company Overview
Painted Pony Energy is a pure-play natural gas company based in Western Canada focused on natural gas and natural gas liquids from the Montney formation in northeast British Columbia.
- During the first quarter of 2018 it had record adjusted funds flow from operations and record production volumes
- Increased production by 69% to a record 364 MMcfe/d (YOY)
- Invested $78.1 million of capital during the first quarter of 2018
- Confirmed a $400 million syndicated credit facility with no financial covenants
Summary
- Q1-2018 Revenue: $110 million
- Q1-2018 Production: 61 (MBOE/day)
- Total Common Stock Outstanding: 161 million
- Enterprise Value: $1.2 billion
- Total Debt: $842 million
- 1P Reserves: 518 MMboe
- Operating Margin: +34.38%
Management Team
Patrick R. Ward, P.Geol. – President, CEO
Stuart W. Jaggard, C.A. – CFO
Richard (Rick) W. Kessy, P.E. – COO
Edwin (Ted) S. Hanbury, P.E. – Senior Vice President, Strategic Projects
The Oil and Gas Conference®
Painted Pony Energy is presenting at EnerCom’s The Oil & Gas Conference® at the Denver Downtown Westin Hotel, Denver, Colo. Aug. 19-23, 2018. EnerCom expects to have more than 80 presenting oil and gas companies and more than 2000 financial professionals attending this year’s conference.
To learn more about the conference and presenter schedule please visit the conference website here.
