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Announced an agreement to be acquired by Canadian Natural Resources Limited for $0.69 per share, representing a 30% premium to the 20-day volume weighted average price of $0.53 per share at the time of the announcement on Monday, August 10, 2020; Averaged daily production of 305,058 Mcfe/d (50,843 boe/d) during the second quarter of 2020 compared to 293,868 Mcfe/d (48,978 boe/d) during the second quarter of 2019, and; Produced average daily liquids of 4,396 bbls/d during the second quarter of 2020, which was 22% higher than liquids production of 3,594 bbls/d during the first quarter of 2020, and compares to second quarter 2019 liquids production of 4,508 bbls/d. View as % YoY growth or as % of revenue. PAINTED PONY ENERGY LTD. 1200, 520 3 Avenue SW Calgary, Alberta T2P 0R3 P: 403 475-0440 F: 403 238-1487 TF: 1-866-975-0440 E: info@paintedpony.ca Whistleblower Hotline The Corporation is not under any duty to update the forward-looking information after the date of this press release to revise such information to actual results or to changes in the Corporation's plans or expectations, except as required by applicable securities laws. Mcfe amounts may be misleading, particularly if used in isolation. Any information that you receive via FT.com is at best delayed intraday data and not "real time". (Updated 10/22/2020) See “Non-GAAP Measures”.6. My retirement income is just $16,600 a year, but I want to retire in a beach town ‘where the sky is blue and the water warm’ — where should I go? The forward-looking statements in this news release should not be interpreted as providing a full assessment or reflection of the unprecedented impacts of the recent COVID-19 pandemic ("COVID-19") and the resulting indirect global and regional economic impacts. Forward-looking information relates to future events or future performance and is based upon the Corporation's current internal expectations, estimates, projections, assumptions and beliefs. FT is not responsible for any use of content by you outside its scope as stated in the, The Financial and Risk business of Thomson Reuters is now. Operating netback is calculated on a per unit basis as natural gas and natural gas liquids revenues, adjusted for realized gains or losses on risk management contracts, less royalties, operating expenses and transportation costs. These terms should not be considered alternatives to, or more meaningful than, cash flows from operating activities as determined in accordance with IFRS as an indicator of the Corporation’s performance. What can I do? Management of the Corporation believes these measures are useful supplemental measures of the net position of current assets and current liabilities of the Corporation and the profitability relative to commodity prices. This decline was the result of a 55% reduction in realized NGL pricing to $20.48 per bbl during the second quarter of 2020 compared to $45.57 per bbl during the second quarter of 2019, realized losses on risk management contracts, increased capital facility fees and higher transportation costs resulting from contracted capacity on the recently constructed North Montney Mainline. Ten years of annual and quarterly financial statements and annual report data for Painted Pony Petroleum (PDPYF). Historical and current end-of-day data provided by FACTSET. Forward-Looking Information: This press release contains certain forward-looking information within the meaning of Canadian securities laws. Liquidity, Future Operations and Arrangement AgreementAs at June 30, 2020, the Corporation had a working capital deficiency of $180.7 million. No assurance can be provided that the amount of the facilities will not be adjusted on August 31, 2020, or that the Company will be able to further renew or extend or replace the current facilities on terms that are favorable to the Corporation. All markets data located on FT.com is subject to the. SECOND QUARTER 2020 FINANCIAL & OPERATING RESULTSProductionPainted Pony’s average daily production increased 4% to 305,058 Mcfe/d (50,843 boe/d) during the second quarter of 2020, compared to 293,868 Mcfe/d (48,978 boe/d) during the second quarter of 2019. Management uses “working capital deficiency” and “net debt” as useful supplemental measures of the liquidity of the Corporation. See "Non-GAAP Measures".5. Painted Pony Energy Ltd. annual stock financials by MarketWatch. CALGARY, Alberta, Aug. 12, 2020 (GLOBE NEWSWIRE) -- Painted Pony Energy Ltd. (“Painted Pony” or the “Corporation”) (TSX: PONY) announces second quarter 2020 financial and operating results. View the latest PDPYF financial statements, income statements and financial ratios. Click here for information about XBRL software and viewing XBRL financial statements. The Corporation also has a $22 million unsecured letter of credit facility backstopped by Export Development Canada ("EDC"). Cookie Notice. Quarterly or annual. All information other than historical fact is forward-looking information. PAINTED PONY ENERGY LTD. 1200, 520 3 Avenue SW Calgary, Alberta T2P 0R3 P: 403 475-0440 F: 403 238-1487 TF: 1-866-975-0440 E: info@paintedpony.ca Whistleblower Hotline Adjusted funds flow from (used in) operations per share is calculated by dividing adjusted funds flow from (used in) operations by the weighted average number of basic or diluted shares outstanding in the period. Painted Pony disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new Information, future events or otherwise, except as required by applicable securities laws. In particular, this press release contains forward looking information relating to on-stream timing for new wells, including expected on-stream timing for the eight-well pad on the South Townsend block, cost reductions, including in relation to cost structure improvements at the AltaGas Townsend Facility and reduced transportation obligations on both Enbridge T-North and TC Energy Corporation’s North Montney Mainline pipelines, reductions in take-or-pay obligations and capital facility fees relating to the AltaGas Townsend Facility, expectations regarding firm transportation obligations on the North Montney Mainline and the anticipated timing of the closing of the Transaction. There were no results found for PPE:FRA among equities. Included in the working capital deficiency is bank debt of $148.4 million due on May 11, 2021 and in addition, the Corporation has convertible debentures of $50 million which mature on August 23, 2021. Get the detailed quarterly/annual income statement for PAINTED PONY ENERGY LTD (PDPYF). Basic per share information is calculated on the basis of the weighted average number of shares outstanding in the period.3. As a consequence, actual results may differ materially from those anticipated. ABOUT PAINTED PONYPainted Pony is a publicly-traded natural gas company based in Western Canada. Get the detailed cash flow statement for Painted Pony Energy Ltd. (PDPYF). Undue reliance should not be placed on forward-looking information, as there can be no assurance that the plans, intentions or expectations on which they are based will occur. The Arrangement Agreement provides for a non-completion fee of $20.0 million payable by the Corporation if the transaction is terminated under certain circumstances. The risk management contracts were impacted by the reduced basis between NYMEX natural gas pricing and domestic natural gas hubs. Additional information on these and other risk factors that could affect operational or financial results are included in the Corporation's most recent MD&A, Annual Information Form and in other reports filed with Canadian securities regulatory authorities. During the second quarter of 2020, Painted Pony’s NGLs production increased 22% to 4,396 boe/d, from 3,594 boe/d during the first quarter of 2020, with the increase due to the recently commissioned third-party deep-cut facility at Townsend to which Painted Pony received access. All content on FT.com is for your general information and use only and is not intended to address your particular requirements. Second quarter 2020 average daily production volumes consisted of 91% natural gas and 9% NGLs compared to the same levels during the second quarter of 2019. Given that the value ratio based on the current price of natural gas as compared to oil is significantly different from the energy equivalent of 1:6, utilizing a conversion on a 1:6 basis may be misleading as an indication of value. See “Non-GAAP Measures”.8. By using this site, you agree to the Subscriber Agreement & Terms of Use Painted Pony Energy Ltd. balance sheet, income statement, cash flow, earnings & estimates, ratio and margins. Boe Conversions: Barrel of oil equivalent ("boe") amounts have been calculated by using the conversion ratio of six thousand cubic feet (6 Mcf) of natural gas to one barrel of oil (1 bbl). Call the Bernedoodle Delivery People, Amy Coney Barrett’s Nomination Heads for a Full Senate Vote, Why East Asia Is Beating the West in Controlling Coronavirus, News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services. View PDPYF financial statements in full. Corporate netback is calculated on a per unit basis as operating netback per unit less finance lease expense per unit. The Purchaser will assume the Corporation's net debt as estimated upon closing. Up to 10 years of financial statements. U.S. believes 7 senior al-Qaida leaders killed by airstrike in Syria, Eli Lilly antibody drug fails in a COVID-19 study; other studies go on, Several Fox News personalities forced to quarantine after exposure to coronavirus, Jared Kushner says Black people must first ‘want to be successful’. As the current maturity date of the credit facilities is May 11, 2021, the bank debt has been classified as a current liability at June 30, 2020. Find out the revenue, expenses and profit or loss over the last fiscal year. Up to 10 years of financial statements. The Corporation is primarily focused on the development of natural gas and natural gas liquids from the Montney formation in northeast British Columbia. Although the Corporation's management believes that the expectations in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct.

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