CALGARY, Feb. 6, 2019 /CNW/ – (TSX:PMT) – Perpetual Energy Inc. (“Perpetual”, or the “Company”) is pleased to release a summary of the Company’s year-end 2018 reserves as reported by the independent engineering firm McDaniel and Associates Consultants Ltd. (“McDaniel”). To preserve value during the low natural gas price environment in Alberta in 2018, Perpetual limited capital spending on natural gas assets, executing a capital program funded through 2018 adjusted funds flow with investment weighted to heavy oil drilling and waterflood activities. Strong performance of the base assets resulted in 2% growth in proved and probable reserves year over … Continue Reading

CALGARY, Nov. 8, 2018 /CNW/ – (TSX:PMT) – Perpetual Energy Inc. (“Perpetual”, the “Corporation” or the “Company”) is pleased to release its third quarter 2018 financial and operating results, and provide capital spending guidance for 2019. A complete copy of Perpetual’s unaudited condensed interim consolidated financial statements and related Management Discussion and Analysis (“MD&A”) for the three and nine months ended September 30, 2018 can be obtained through the Company’s website at www.perpetualenergyinc.com and SEDAR at www.sedar.com.

THIRD QUARTER 2018 HIGHLIGHTS

CALGARY, Aug. 27, 2018 /CNW/ – (TSX:PMT) – Perpetual Energy Inc. (“Perpetual” or the “Company”) announces that it has filed a Statement of Defence and Application for Summary Dismissal with the Alberta Court of Queen’s Bench (the “Court”) in response to the opportunistic Statement of Claim filed by PricewaterhouseCoopers Inc. LIT (“PwC”), in its capacity as trustee in bankruptcy of Sequoia Resources Corp. (“Sequoia”), as previously announced by Perpetual on August 6, 2018. All allegations made by PwC have been denied and an application to the Court to dismiss all claims has been made on the basis that … Continue Reading

CALGARY, Aug. 6, 2018 /CNW/ – (TSX:PMT) – Perpetual Energy Inc. (“Perpetual”  or the “Company”) announces that it has received a Statement of Claim filed by PricewaterhouseCoopers Inc. LIT (“PwC”), in its capacity as trustee in bankruptcy of Sequoia Resources Corp. (“Sequoia”), with the Alberta Court of Queen’s Bench (the “Court”), against Perpetual, Perpetual Operating Trust, Perpetual Operating Corp. and Susan Riddell Rose. The claim relates to an almost two year old transaction when, on October 1, 2016, Perpetual sold its then legacy shallow gas assets in east central and northeast Alberta (the “Shallow Gas Properties”) to … Continue Reading

CALGARY, Aug. 2, 2018 /CNW/ – (TSX:PMT) – Perpetual Energy Inc. (“Perpetual”, the “Corporation” or the “Company”) is pleased to release its second quarter 2018 financial and operating results. A complete copy of Perpetual’s unaudited condensed interim consolidated financial statements and related Management Discussion and Analysis (“MD&A”) for the three and six months ended June 30, 2018 can be obtained through the Company’s website at www.perpetualenergyinc.com and SEDAR at www.sedar.com.

SECOND QUARTER 2018 HIGHLIGHTS

CALGARY, May 16, 2018 /CNW/ – (TSX: PMT) – Perpetual Energy Inc. (“Perpetual”, the “Corporation” or the “Company”) is pleased to announce that the nominees listed in the management proxy circular dated April 2, 2018 were elected as directors of Perpetual.  The detailed results of the vote for the election of directors held at its annual meeting of shareholders earlier today in Calgary, Alberta are set out below. 

Election of Directors

On a vote by ballot, each of the following seven nominees proposed by management was elected as a director of Perpetual:

Nominee

Votes For

% For

Votes Withheld… Continue Reading

CALGARY, May 14, 2018 /CNW/ – (TSX:PMT) – Perpetual Energy Inc. (“Perpetual”, or the “Company”) is pleased to announce that it has closed the disposition of non-core royalty interests in eastern Alberta for gross proceeds of $10.0 million. The disposed assets were comprised of the 1% gross overriding royalty interest previously retained on 42 net sections (27,722 net acres) of undeveloped oil sands leases in northeast Alberta sold in June 2015 and March 2016. Approximately 5,700 boe of royalty interest reserve volume representing $0.2 million of reserve value was assigned to the royalty lands in the Company’s … Continue Reading

CALGARY, May 8, 2018 /CNW/ – (TSX:PMT) – Perpetual Energy Inc. (“Perpetual”, the “Corporation” or the “Company”) is pleased to release its first quarter 2018 financial and operating results. A complete copy of Perpetual’s unaudited condensed interim consolidated financial statements and related Management Discussion and Analysis (“MD&A”) for the three months ended March 31, 2018 can be obtained through the Company’s website at www.perpetualenergyinc.com and SEDAR at www.sedar.com.

FIRST QUARTER 2018 HIGHLIGHTS

CALGARY, Feb. 23, 2018 /CNW/ – (TSX:PMT) – Perpetual Energy Inc. (“Perpetual”, the “Corporation” or the “Company”) is pleased to release its fourth quarter and year-end 2017 financial and operating results. 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, 2017 will be available through the Corporation’s website at www.perpetualenergyinc.com and SEDAR at www.sedar.com.

The strategic focusing of our asset base, continued diligence to drive down costs, strengthening of our balance sheet, and steady execution of our growth-oriented capital program delivered attractive results … Continue Reading

CALGARY, Feb. 7, 2018 /CNW/ – (TSX:PMT) – Perpetual Energy Inc. (“Perpetual”, or the “Company”) is pleased to announce its year-end 2017 production exit rate (average for the month of December) of 12,300 boe/d, attaining year-over-year exit rate growth of 54%. The Company invested $19.0 million in exploration and development activities during the fourth quarter of 2017 and grew production 14% quarter-over-quarter. Production and operating costs continued the positive trend established through 2017, averaging $3.45/boe for the fourth quarter and $4.52/boe for 2017, down 33% from full year 2016.

In 2017, Perpetual focused investment in its core … Continue Reading

CALGARY, Dec. 20, 2017 /CNW/ – Perpetual Energy Inc. (“Perpetual”) announces that the common shares of the Company will be voluntarily delisted from the OTCQX effective the close of market December 29th, 2017. The common shares of the Company will continue to trade on the Toronto Stock Exchange under the symbol “PMT”. Perpetual has voluntarily delisted from OTCQX to increase trading volume of its common shares on the TSX.

About Perpetual

Perpetual is an oil and natural gas exploration, production and marketing company headquartered in Calgary, Alberta. Perpetual operates a diversified asset portfolio, including liquids-rich natural gas … Continue Reading

CALGARY, Nov. 10, 2017 /CNW/ – (TSX:PMT) – Perpetual Energy Inc. (“Perpetual”, the “Corporation” or the “Company”) is pleased to announce a 62.5% increase to its reserve-based credit facility (the “Credit Facility”) and confirm capital spending plans and expected production and adjusted funds flow growth for 2018. Strategic focusing of the Company’s asset base, strengthening of the balance sheet, steady execution of the growth-oriented capital program and the Company’s market diversification strategy implemented over the past year have combined to position Perpetual for continued strong growth in 2018. Based on current forward commodity prices, production growth of 30% in … Continue Reading