Painted Pony Petroleum Ltd.
TSX VENTURE : PPY.A
TSX VENTURE : PPY.B

Painted Pony Petroleum Ltd.

September 27, 2010 18:24 ET

Painted Pony Petroleum Ltd. Announces Increase in Credit Facilities to $56.0 Million

CALGARY, ALBERTA--(Marketwire - Sept. 27, 2010) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Painted Pony Petroleum Ltd. ("Painted Pony") (TSX VENTURE:PPY.A) (TSX VENTURE:PPY.B) announces that its credit facilities have increased to a $46.0 million demand revolving operating credit facility (previously $36.0 million) and a $10.0 million demand non-revolving acquisition/development facility (previously $7.0 million). Both facilities are provided by a Canadian chartered bank. The credit facilities are subject to a review on or before March 31, 2011, at the sole discretion of the lender. Currently, Painted Pony has no funds drawn under either credit facility.

Painted Pony is a junior Canadian oil and gas exploration company that trades on the TSX Venture Exchange under the symbols "PPY.A" and "PPY.B". 

This news release is not for dissemination in the United States or to U.S. persons.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Contact Information

  • Painted Pony Petroleum Ltd.
    Patrick R. Ward
    President and CEO
    (403) 475-0440
    (403) 238-1487 (FAX)
    or
    Painted Pony Petroleum Ltd.
    Joan E. Dunne
    Vice President, Finance and CFO
    (403) 475-0440
    (403) 238-1487 (FAX)
    or
    Painted Pony Petroleum Ltd.
    300, 602 - 12 Ave SW
    Calgary, AB T2R 1J3
    info@paintedpony.ca
    www.paintedpony.ca