Painted Pony Petroleum Ltd. announced acquisition of certain assets and lands in the Kobes area of northeast British Columbia. Painted Pony paid $108 million in cash, before closing adjustments and related costs, pursuant to the Acquisition, as previously announced on December 4, 2012. With the completion of the Acquisition, Painted Pony expands its Montney land position by adding approximately 25 contiguous sections (approximately 97% working interest).

Painted Pony announced the appointment of Mr. Edwin S. (Ted) Hanbury, P. Eng. as Vice President, Engineering, effective January 1, 2013. Mr. Hanbury brings more than 26 years of oil and gas experience in executive and technical roles. The company also announced that Mr. James H. (Jim) French, Vice President, Production Operations, will retire effective December 31, 2012. Mr. French has been with Painted Pony since its inception, and has been a major contributor to its success. Mr. French will remain with the company in an advisory capacity until January 31, 2013.