An unknown buyer entered into a definitive agreement to acquire 75% working interest in 11,280 gross acres in North East British Columbia Montney from Painted Pony Energy Ltd. (TSX:PONY) for CAD 45 million on October 17, 2019. The proposed transaction is subject to closing conditions and is expected to close on or about October 31, 2019. As of November 6, 2019, the transaction is expected to close on November 8, 2019. An unknown completed the acquisition of 75% working interest in 11,280 gross acres in North East British Columbia Montney from Painted Pony Energy Ltd. (TSX:PONY) on November 8, 2019. As at closing and net of the cash proceeds from this asset sale, Painted Pony’s bank debt is estimated to be $120 million on a $375 million syndicated credit facility.