July 25, 2017 12:55 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Pinedale Energy Limited

Company Overview

Pinedale Energy Limited engages in the identification, exploration, and development of oil and gas properties in the United States. It holds interests in 17 developed and undeveloped oil and gas mineral leases that covers approximately 11,995 acres located in Pinedale field area, Sublette County, Wyoming. The company is headquartered in Vancouver, Canada.

669 Howe Street

Suite 650

Vancouver, BC V6C 0B4






Key Executives for Pinedale Energy Limited

Chief Executive Officer, President & Director
Age: 55
CFO & Corporate Secretary
Age: 56
Total Annual Compensation: C$60.0K
Compensation as of Fiscal Year 2016.

Pinedale Energy Limited Key Developments

Pinedale Energy Limited Provides Update on Pinedale Field Area Operations

Pinedale Energy Limited has provided an update on the Pinedale field area operations previously announced on June 6, 2017. The Company's operating partner has commenced a 2017 infill directional drilling program on a jointly owned oil and gas lease in the Warbonnet area of the Pinedale natural gas field in southwestern Wyoming. To date, the Company has received and signed authorizations for expenditures ("AFEs") for four new wells (0.85 net) on the lease. The estimated gross cost of the AFEs is an average of USD 2.8 million per well, or approximately USD 595,000 per well to Pinedale. Sustained systematic drilling operations commenced on July 12, 2017 targeting bottom hole depths of approximately 14,300 feet. The drill rig is positioned on a simultaneous operations pad that was constructed to accommodate the development of a minimum of 20 new well locations on the lease. A total of 20 drilling locations including the four wells in progress are permitted and the operator has set conductors to depths of approximately 80 feet at each surface hole location on the pad. Pinedale's wholly owned subsidiary, Pinedale Energy Inc., owns a 21.25% non-operated working interest in the lease along with 8 producing directionally drilled vertical wells (1.7 net) situated on the lease that were developed in 2014/2015.

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