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Painted Pony Updates 2Q Financial, Production Results

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August 21, 2012

Painted Pony Petroleum Ltd. (TSX VENTURE:PPY) report its financial and operating results for the six and three month periods ending June 30, 2012. Highlights include:

• grew production in the first half of 2012 to average 6,369 boe per day (weighted 76% gas and 24% oil and liquids), an increase of 67% over the same period in 2011;

• produced funds flow from operations of $7.7 million, $0.11 per basic and diluted share in the second quarter of 2012;

• drilled 12 (9.7 net) wells in the first half of ...

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