Painted Pony Exits 2008 With Strong Balance Sheet

摘要

Painted Pony Petroleum Ltd. revved up its production and cash flow in 2008 (see tables) and exited the year with little debt.Output surpassed 1,000 bbls of oil equivalent a day in September to average 1,173 BOE a day in the fourth quarter.Painted Pony is mainly focused on tight oil in the Bakken formation of southeastern Saskatchewan and natural gas in northeastern British Columbia.