Brief: Perpetual expects 2017 production between 10,750 to 11,000 boe/d

Perpetual Energy

09/12/2016 04:55

Dec 9 (Reuters) - Perpetual Energy Inc  PMT.TO  
    * Expects to exit 2017 at a production rate of 12,750 to 
13,000 boe/d in december 2017 
    * Board of directors has approved an exploration and 
development capital spending program of up to $65 million for 
2017 
    * In q1 2017, plan to spend about $23 million completing 
frac and tie-in operations on two wells which commenced drilling 
in q4 of 2016 
    * Expect full year 2017 production averaging between 10,750 
to 11,000 boe/d 
    * Perpetual announces 2017 capital spending and production 
guidance 
 
Source text for Eikon:  ID:nPn8PJsLca  
Further company coverage:  PMT.TO  
 
 ((Bangalore.newsroom@thomsonreuters.com;))