CALGARY, AB, Jan. 15, 2021 /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 summarily dismissed the balance of the Statement of Claim filed by PricewaterhouseCoopers Inc. LIT (“PwC”), in its capacity as trustee in bankruptcy of Sequoia Resources Corp. (“Sequoia”) against Perpetual, Perpetual Operating Trust, Perpetual Operating Corp. (collectively the “Perpetual Entities”) and Susan 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 … Continue Reading

CALGARY, AB, Dec. 23, 2020 /CNW/ – (TSX: PMT) â€“ Perpetual Energy Inc. (“Perpetual” or the “Company”) announced today that the revolving credit period applicable to the Company’s credit facility has been extended to March 1, 2021 and the $20 million borrowing limit maintained. The borrowing limit is scheduled to be redetermined and the revolving credit period extended on or before March 1, 2021. The extension of the revolving credit period provides additional time to finalize negotiations with its lenders and for the Company to explore opportunities to enhance its liquidity. If the revolving credit period is not … Continue Reading

CALGARY, AB, Dec. 15, 2020 /CNW/ – (TSX: PMT) â€“ Perpetual Energy Inc. (“Perpetual” or the “Company”) announced today that, in furtherance of its strategic priority of improving the Company’s balance sheet and liquidity, it proposes to exchange its outstanding 8.75% senior unsecured notes due January 23, 2022 (the “Notes”) for new 8.75% secured third-lien notes due January 23, 2025 (the “New Notes”) pursuant to a Court-approved plan of arrangement (the “Note Exchange Arrangement”).

The New Notes will be issued under a new trust indenture that will contain substantially the same terms as the Notes other than the New … Continue Reading

CALGARY, AB, Dec. 1, 2020  /CNW/ – (TSX: PMT) – Perpetual Energy Inc. (“Perpetual” or the “Company”) announced today that the revolving credit period applicable to the Company’s credit facility has been extended to December 23, 2020 and the $20 million borrowing limit maintained. The borrowing limit is scheduled to be redetermined and the revolving credit period extended on or before December 23, 2020. The extension of the revolving credit period provides additional time to finalize negotiations with its lenders and for the Company to explore opportunities to enhance its liquidity. If the revolving credit period is not … Continue Reading

CALGARY, AB, Nov. 10, 2020 /CNW/ – (TSX: PMT) – Perpetual Energy Inc. (“Perpetual” or the “Company”) herein releases its third 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 nine months ended September 30, 2020 can be obtained through the Company’s website at www.perpetualenergyinc.com and SEDAR at www.sedar.com.

THIRD QUARTER 2020 HIGHLIGHTS

Capital Spending, Production and Operations

CALGARY, AB, Oct. 30, 2020 /CNW/ – (TSX: PMT) – Perpetual Energy Inc. (“Perpetual” or the “Company”) announced today that the revolving credit period applicable to the Company’s credit facility has been extended to November 30, 2020 and the $20 million borrowing limit maintained.  The borrowing limit is scheduled to be redetermined and the revolving credit period extended on or before November 30, 2020.  The extension of the revolving credit period provides additional time to finalize negotiations with its lenders and for the Company to explore opportunities to enhance its liquidity.  If the revolving credit period is not … Continue Reading

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