Hi IV, Do not be conned into thinking what CE1 might be worth...

Hi IV,
Do not be conned into thinking what CE1 might be worth with comparisons to PONY or any number of other listed companies.

So I went back into my archives and pulled out a Painted Pony Investor Presentation from December 2013. So 5 years ago.


This was the time when Petronas was planning to build its own LNG plant (and why they acquired Progress Energy) the size of what LNG Canada is today, plus Exxon had a plan (which it shelved in Dec 2018) in addition to the present LNG Canada facility to be built plus additional plans. And in case someone calls BS




What did they look like back then?






Get the picture ... but not just a "land bank" even then





And this slide for a little nostalgia ... the "sweet spot" ...





I could go on but I think that should be clear enough. But its not just about land. If PONY was the comparison (and its not) you have to consider that PONY has OVER 6.5 TCF of Proved & Probable Gas Reserves - NOT RESOURCE but 2P (not including any liquids) making it the 3rd largest gas reserves of any listed Canadian company. It's silly to compare them.

CE1 has to create its own "value proposition" that differentiates what it has and why it is better value than the plethora of asset packages in the various parts of the Montney. I only have a small speculative investment in this one to (hopefully) profit from a sale in the event of outstanding test results for >50 CGR. Otherwise disappointment is a significant probability IMO.