Brief: Perpetual Energy Inc. Announces Strategic Transaction, Credit Facility Update

Perpetual Energy

01/04/2020 20:33

April 1 (Reuters) - Perpetual Energy Inc  PMT.TO :
    * PERPETUAL ENERGY INC. ANNOUNCES STRATEGIC TRANSACTION,
CREDIT
FACILITY UPDATE AND 2020 OUTLOOK
    * PERPETUAL ENERGY INC - ALL FURTHER CAPITAL EXPENDITURES IN
2020
IN EASTERN ALBERTA WILL BE DEFERRED
    * PERPETUAL ENERGY - ANTICIPATES AVERAGE 2020 SALES VOLUMES
OF
5,000 TO 6,000 BOE/D (34% LIQUIDS) ASSUMING A SUFFICIENT
MID-YEAR RECOVERY OF OIL PRICES
    * PERPETUAL ENERGY INC - REVOLVING BANK DEBT BORROWING LIMIT
IS
NOW SET AT $20 MILLION
    * PERPETUAL ENERGY - ALL FURTHER CAPEX IN 2020 IN EASTERN
ALBERTA
TO BE DEFERRED & SUBSTANTIALLY ALL OF HEAVY OIL PRODUCTION TO BE
TEMPORARILY SUSPENDED
    * PERPETUAL ENERGY - CURRENTLY HAS AVAILABLE LIQUIDITY OF
$12
MILLION

Source text for Eikon:  ID:nCNWmR3bda 
Further company coverage:  PMT.TO 

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