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Painted Pony Energy Ltd.

Company Summary

Description

A growth-oriented Canadian public natural gas producer, operating in the Montney formation in Northeast British Columbia.

Website

http://paintedpony.ca/Home/default.aspx

Operational Regions

  • Montney Formation

Related Entities

Recent news

  • 10/7/2020 - Canadian Natural... (subscriber access)
  • 10/2/2020 - Painted Pony Recieves... (subscriber access)
  • 9/1/2020 - Painted Pony Completes... (subscriber access)
  • 8/10/2020 - Canadian Natural... (subscriber access)
  • 7/1/2020 - Painted Pony Energy... (subscriber access)

Company Transactions

Date: 10/6/2020
Type: Acquisition

DETAILS:

COST: 461 $MM

VOLUMES: 298 Mmcfe/d

NOTES:
Canadian Natural Resources has entered into a deal to acquire Painted Pony Resources for a cash consideration of $0.69/share while also assuming $350 million in debt. The share price represents a 30% premium to their share price and will total $111 million in cash, bringing the deal price to $461 million including debt.
REGIONS:
  • Western Canadian Sedimentary Basin
  • Date: 10/31/2019
    Type: Acquisition

    DETAILS:

    COST: 45 $MM

    ACRES: 8460 Acres

    NOTES:
    Painted Pony has entered into a deal to sell off a 75% working interest on 11,280 gross (8,460 net) acres in the north east British Columbia Montney.
    REGIONS:
  • Montney Formation