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

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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

CALGARY, May 15, 2019 /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 29, 2019 were elected as directors of Perpetual.  The detailed results of the vote for the election of directors held at its annual and special meeting of shareholders earlier today in Calgary, Alberta are set out below. 

Election of Directors

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

Nominee

Votes For

% For

Votes Withheld… Continue Reading

CALGARY, May 8, 2019 /CNW/ – (TSX:PMT) – Perpetual Energy Inc. (“Perpetual”, the “Corporation” or the “Company”) is pleased to release its first quarter 2019 financial and operating results. Highlights from the quarter include:

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CALGARY, May 7, 2019 /CNW/ – (TSX:PMT) – Perpetual Energy Inc. (“Perpetual” or the “Company“) is pleased to announce the 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 “Redemption Date“).

The redemption amount will be either: CDN $1,000 for each $1,000 principal amount of 2019 Senior Notes (the “Cash Consideration“); or, at the election of an eligible holder and subject to the limitations described in the … Continue Reading

CALGARY, March 27, 2019 /CNW/ – (TSX:PMT) – Perpetual Energy Inc. (“Perpetual”, the “Corporation” or the “Company”) is pleased to release its fourth quarter and year-end 2018 financial and operating results and announce the confirmation of the borrowing limit on its bank credit facility at $55 million and the extension of the maturity date to November 30, 2020. 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, 2018 will be available through the Corporation’s website at www.perpetualenergyinc.com and SEDAR at www.sedar.com.

FOURTH … Continue Reading

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