Painted Pony Makes a Montney Acquisition

Painted Pony Petroleum Ltd. (“Painted Pony” or the “Company”) is pleased to announce that it has entered into a purchase and sale agreement with an independent oil and gas producer (the “Vendor”) to acquire certain assets and lands in the Kobes area adjacent to Painted Pony’s core Montney project in Northeast British Columbia (“BC”) (the “Kobes Assets”) for $108 million, before closing adjustments and related costs (the “Acquisition”).

http://paintedpony.ca/2012/painted-pony-announces-strategic-northeast-bc-montney-asset-acquisition-and-150-million-bought-deal-common-share-equity-financing/