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To: Veteran98 who wrote (234652)	4/14/2014 10:50:43 AM
From: Goose94	Respond to of 313061

PPY the company released an operational update announcing current production in the field of >15,000 boe/d on the back of commissioning its 25 mmcf/d gas processing facility at Townsend. Canaccord Genuity Energy Analyst Anthony Petrucci highlighted that this much higher than anticipated bump was driven by better than expected well results from Blair and Townsend, as the switch to the ball drop completion method continues to enhance well performance and increase recoveries. Petrucci stated that type curves on the wells that have utilized the ball drop method of completion, are suggesting recoveries of ~8 bcf/well, a significant increase from the already impressive 6 bcf/well the company’s NE BC Montney wells have exhibited previously. PPY's share price has shown strong performance recently; however, with continued operational success Petrucci anticipates there is still significant room to run. Also commenting, one of Bay Street’s largest brokerage’s increased their target price on PPY shares Friday, stating, “We anticipate that PPY will show top-quartile production growth in 2014 and continue this