– Perpetual Energy Inc. announced today that, in furtherance of its strategic priority of improving the Company's balance sheet and liquidity, it proposes to exchange its outstanding 8.75% senior unsecured notes due January 23, 2022 for new 8.75% secured third-lien notes due January 23, 2025 pursuant to a Court-approved plan of arrangement . The New Notes will be issued under a new trust indenture that will contain [...]
CALGARY, AB, Dec. 1, 2020 /CNW/ - – Perpetual Energy Inc. announced today that the revolving credit period applicable to the Company's credit facility has been extended to December 23, 2020 and the $20 million borrowing limit maintained. The borrowing limit is scheduled to be redetermined and the revolving credit period extended on or before December 23, 2020. The extension of the revolving credit period provides [...]
– Perpetual Energy Inc. herein releases its third quarter 2020 financial and operating results. A complete copy of Perpetual's unaudited condensed interim consolidated financial statements and related Management's Discussion and Analysis for the three and nine months ended September 30, 2020 can be obtained through the Company's website at www.perpetualenergyinc.com and SEDAR at www.sedar.com. THIRD QUARTER 2020 [...]
– Perpetual Energy Inc. announced today that the revolving credit period applicable to the Company's credit facility has been extended to November 30, 2020 and the $20 million borrowing limit maintained. The borrowing limit is scheduled to be redetermined and the revolving credit period extended on or before November 30, 2020. The extension of the revolving credit period provides additional time to finalize negotiations [...]
– Perpetual Energy Inc. announced today the extension of the revolving credit period applicable to the Company's existing $20 million credit facility to October 30, 2020. The credit facility continues to be available on a revolving basis until that date. The date for the redetermination of the borrowing limit has also been extended until October 30, 2020. The extension of the borrowing limit redetermination provides [...]
CALGARY, AB, July 31, 2020 /CNW/ - Perpetual Energy Inc. herein releases its second quarter 2020 financial and operating results. A complete copy of Perpetual's unaudited condensed interim consolidated financial statements and related Management's Discussion and Analysis for the three and six months ended June 30, 2020 can be obtained through the Company's website at www.perpetualenergyinc.com and SEDAR at www.sedar.com [...]
– Perpetual Energy Inc. is pleased to announce that the nominees listed in the management proxy circular dated March 27, 2020 were elected as directors of Perpetual. The detailed results of the vote for the election of directors held at its virtual annual general meeting of shareholders earlier today in Calgary, Alberta are set out below. Election of Directors Each of the following five nominees proposed by management [...]
– Perpetual Energy Inc. is pleased to release its first quarter 2020 financial and operating results. A complete copy of Perpetual's unaudited condensed interim consolidated financial statements and related Management's Discussion and Analysis for the three months ended March 31, 2020 can be obtained through the Company's website at www.perpetualenergyinc.com and SEDAR at www.sedar.com. EAST EDSON TRANSACTION On April 1 [...]
Perpetual Energy Inc. is pleased to announce that it has sold a 50% working interest in its East Edson property for consideration consisting of $35 million in cash and the carried interest funding of the Company's remaining 50% working interest share in an eight-well drilling program. Concurrent with the signing and closing of the East Edson Transaction on April 1, 2020, the borrowing limit on Perpetual's credit facility [...]
- Perpetual Energy Inc. is pleased to release its fourth quarter and year-end 2019 financial and operating results and a summary of the Company's year-end 2019 reserves as reported by the independent engineering firm McDaniel and Associates Consultants Ltd. . A complete copy of Perpetual's audited consolidated financial statements, Management's Discussion and Analysis and Annual Information Form for the year ended [...]
– Perpetual Energy Inc. announces that its syndicate of lenders have completed their semi-annual borrowing base redetermination. The revolving bank debt borrowing limit will be reduced by the Company's lenders from $55 million to $45 million on or prior to January 22, 2020, with the next Borrowing Limit redetermination scheduled on or prior to March 31, 2020. The credit facility will continue to revolve until March [...]
– Perpetual Energy Inc. is pleased to release its third quarter 2019 financial and operating results. Highlights include: Exploration and development spending for the third quarter of 2019 was $4.5 million and was primarily directed towards the drilling and completion of two exploratory six-leg multi-lateral heavy oil wells in the Ukalta area of Eastern Alberta. The two wells were brought on-stream late in the [...]