Brief: Perpetual Energy Inc. Reports First Quarter 2021 Financial And Operating Results

Perpetual Energy

05/05/2021 01:19

Perpetual Energy Inc  PMT.TO :
    * . REPORTS FIRST QUARTER 2021 FINANCIAL AND OPERATING
RESULTS
    * QTRLY PRODUCTION OF 5,211 BOE/D (73% CONVENTIONAL NATURAL
GAS)
WAS 10% HIGHER THAN Q4 OF 2020
    * RYAN SHAY HAS BEEN APPOINTED VICE PRESIDENT FINANCE AND
CHIEF
FINANCIAL OFFICER , SUCCEEDING MARK SCHWEITZER
    * CO'S RESERVE-BASED CREDIT FACILITY MATURITY WAS RECENTLY
EXTENDED TO JUNE 16, 2021,  ITS TERM LOAN MATURES ON JUNE 30,
2021
    * PRODUCTION IN Q2 IS EXPECTED TO AVERAGE 4,900 TO 5,100
BOE/D
    * COMPANY WILL ISSUE ITS 2021 OUTLOOK ONCE CAPITAL SPENDING
PLANS
HAVE BEEN APPROVED BY THE BOARD OF DIRECTORS

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