CALGARY, AB, Aug. 10, 2020 /CNW/ – (TSX: PMT) – Perpetual Energy Inc. (“Perpetual” or the “Company”) announced today the extension of the revolving credit period applicable to the Company’s existing $20 million credit facility to October 30, 2020. The credit facility continues to be available on a revolving basis until that date. The date for the redetermination of the borrowing limit has also been extended until October 30, 2020. The extension of the borrowing limit redetermination provides additional time to finalize negotiations with its lenders and for the Company to explore opportunities to enhance its liquidity. … Continue Reading

CALGARY, AB, July 31, 2020 /CNW/ – (TSX: PMT) Perpetual Energy Inc. (“Perpetual” or the “Company”) herein releases its second quarter 2020 financial and operating results. A complete copy of Perpetual’s unaudited condensed interim consolidated financial statements and related Management’s Discussion and Analysis (“MD&A”) for the three and six months ended June 30, 2020 can be obtained through the Company’s website at www.perpetualenergyinc.com and SEDAR at www.sedar.com.

EAST EDSON TRANSACTION

On April 1, 2020, the Company sold a 50% working interest in its East Edson property in West Central Alberta to a third-party purchaser for consideration including a … Continue Reading

CALGARY, May 15, 2020 /CNW/ – (TSX:PMT) – Perpetual Energy Inc. (“Perpetual” or the “Corporation”) is pleased to announce that the nominees listed in the management proxy circular dated March 27, 2020 were elected as directors of Perpetual. The detailed results of the vote for the election of directors held at its virtual annual general meeting of shareholders earlier today in Calgary, Alberta are set out below. 

Election of Directors

Each of the following five nominees proposed by management was elected as a director of Perpetual:

Nominee

Votes For

% For

Votes Withheld

% Withheld

Susan L. Riddell Rose… Continue Reading

CALGARY, May 4, 2020 /CNW/ – (TSX: PMT) – Perpetual Energy Inc. (“Perpetual”, or the “Company”) is pleased to release its first quarter 2020 financial and operating results. A complete copy of Perpetual’s unaudited condensed interim consolidated financial statements and related Management’s Discussion and Analysis (“MD&A”) for the three months ended March 31, 2020 can be obtained through the Company’s website at www.perpetualenergyinc.com and SEDAR at www.sedar.com.

EAST EDSON TRANSACTION

On April 1, 2020, the Company closed the sale of a  50% working interest in its East Edson property in West Central Alberta to a third-party purchaser … Continue Reading

CALGARY, April 1, 2020 /CNW/ – (TSX: PMT) Perpetual Energy Inc. (“Perpetual” or the “Company”) is pleased to announce that it has sold a 50% working interest in its East Edson property for consideration consisting of $35 million in cash and the carried interest funding of the Company’s remaining 50% working interest share in an eight-well drilling program (the “East Edson Transaction”).

Concurrent with the signing and closing of the East Edson Transaction on April 1, 2020, the borrowing limit on Perpetual’s credit facility was set at $20 million by the Company’s bank lending syndicate, with the next … Continue Reading

CALGARY, March 18, 2020 /CNW/ – (TSX:PMT) – Perpetual Energy Inc. (“Perpetual”, or the “Company”) is pleased to release its fourth quarter and year-end 2019 financial and operating results and a summary of the Company’s year-end 2019 reserves as reported by the independent engineering firm McDaniel and Associates Consultants Ltd. (“McDaniel”). A complete copy of Perpetual’s audited consolidated financial statements, Management’s Discussion and Analysis (“MD&A”) and Annual Information Form for the year ended December 31, 2019 are available through the Company’s website at www.perpetualenergyinc.com and SEDAR at www.sedar.com.

FOURTH QUARTER 2019 HIGHLIGHTS

Capital Spending, Production and Operations

CALGARY, Dec. 24, 2019 /CNW/ – (TSX: PMT) – Perpetual Energy Inc. (“Perpetual” or the “Company”) announces that its syndicate of lenders have completed their semi-annual borrowing base redetermination. The revolving bank debt borrowing limit (“Borrowing Limit”) will be reduced by the Company’s lenders from $55 million to $45 million on or prior to January 22, 2020, with the next Borrowing Limit redetermination scheduled on or prior to March 31, 2020. The credit facility will continue to revolve until March 31, 2020 and may be extended for a further period of up to 364 days subject to … Continue Reading

CALGARY, Nov. 7, 2019 /CNW/ – (TSX:PMT) – Perpetual Energy Inc. (“Perpetual” or the “Company”) is pleased to release its third quarter 2019 financial and operating results. Highlights include:

CALGARY, Aug. 16, 2019 /CNW/ – (TSX:PMT) – Perpetual Energy Inc. (“Perpetual” or the “Company”) is pleased to announce that the Alberta Court of Queen’s Bench (the “Court”) has dismissed and struck all but one of the claims filed by PriceWaterhouseCoopers Inc. LIT (“PWC”), in its capacity as trustee in bankruptcy of Sequoia Resources Corp. (“Sequoia”) against Perpetual and Sue Riddell Rose, the Company’s President and Chief Executive Officer (“Ms. Rose”). These claims relate to a transaction that involved the sale by Perpetual of legacy shallow gas properties in October 2016 to an arm’s length third party purchaser … Continue Reading

CALGARY, July 31, 2019 /CNW/ – (TSX:PMT) – Perpetual Energy Inc. (“Perpetual” or the “Company”) is pleased to release its second quarter 2019 financial and operating results. Highlights include:

CALGARY, June 11, 2019 /CNW/ – (TSX:PMT) – Perpetual Energy Inc. (“Perpetual” or the “Company“) has filed an application with the Court of Queen’s Bench of Alberta seeking a judicial review of the previous NDP government’s Minister of Municipal Affairs’ Guidelines published December 13, 2018 (the “Minister’s Guidelines“) as they relate to how assessed values of linear property, machinery and equipment are calculated for the purpose of municipal property tax. The Company believes the current assessment process is inequitable, unreasonable, and creates results not reflective of actual value, especially for mature assets.

A recent Supreme Court of Canada decision … Continue Reading

/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICE/

CALGARY, June 11, 2019 /CNW/ – (TSX:PMT) – Perpetual Energy Inc. (“Perpetual” or the “Company“) is pleased to announce that it has successfully completed the previously announced early redemption of all of the $14.6 million aggregate principal amount of 8.75% senior notes maturing July 23, 2019 (the “2019 Senior Notes“) effective June 11, 2019 (the “Senior Note Refinancing“).

Pursuant to the Senior Note Refinancing, Perpetual issued $15.7 million of 8.75% senior notes due January 23, 2022 (the “2022 Senior Notes“) to fully redeem the 2019 Senior … Continue Reading