Painted Pony Announces Closing of $111 Million Equity Financing Including Full Exercise of the Over-Allotment Option

Painted Pony Petroleum Ltd. (“Painted Pony” or the “Corporation“) (TSX:PPY) is pleased to announce that it has closed its previously announced bought deal financing (the “Offering“). Pursuant to the Offering, the Corporation has issued a total of 19,820,000 common shares in the capital of the Company (“Common Shares“), which included the full exercise of the over-allotment option granted to the underwriters of the Offering. All of the Common Shares were issued at a price of […]

Petronas, First Nation sign LNG deal

The Nation 2 Nation conference in Vancouver took a northern turn Thursday when a major advancement was announced on the future of a liquefied natural gas mega-project. The Petronas proposal is a front-runner in the LNG industry’s interest in northern B.C. The Malaysian-based company has a three-part system in the design phase: extraction in the Peace, a pipeline across the northern interior and a shipping terminal on the west coast. The shipping port is critical […]

Petronas’ review of Canadian LNG project still ‘ongoing’, but CEO keen to monetize Montney natural gas asset

The head of the consortium proposing to build the Pacific NorthWest LNG project declined to provide a timeline on a possible final investment decision Wednesday, as the market for large-scale liquefaction facilities continues to weaken. “We’re doing a total review of the project, and taking into account all the cost optimization options,” said Petronas CEO Datuk Wan Zulkiflee Wan Ariffin. “That is still ongoing.” Malaysia-based Petronas is the largest stakeholder in the roughly $36-billion LNG […]

Pacific NorthWest LNG mulls co-operation with Shell for northern B.C. facilities

A liquefied natural gas consortium is exploring ways to build docking facilities off Ridley Island in a move that would require the co-operation of a rival in northern British Columbia. Pacific NorthWest LNG, led by Malaysia’s state-owned Petronas, is considering footing the bill to construct the marine terminal in exchange for gaining access to Shell Canada Ltd.’s development rights on Ridley Island and nearby waters. Pacific NorthWest LNG’s planned liquefaction terminal would still be located […]

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