07:58:21 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Pengrowth Energy Corp
Symbol PGF
Shares Issued 552,246,104
Close 2017-11-02 C$ 1.44
Market Cap C$ 795,234,390
Recent Sedar Documents

Pengrowth Energy closes $150M sale of Swan Hills assets

2017-11-03 13:59 ET - News Release

Mr. Derek Evans reports

PENGROWTH ANNOUNCES CLOSING OF $150 MILLION SWAN HILLS ASSET SALE

Pengrowth Energy Corp. has closed the previously announced sale of its remaining Swan Hills assets in north-central Alberta for total cash consideration of $150-million, before customary closing adjustments.

The closing of the sale brings Pengrowth's year-to-date disposition proceeds to nearly $1-billion, which has allowed the company to materially reduce its outstanding debt. Since Dec. 31, 2016, Pengrowth has repaid approximately $1.1-billion of term notes and convertible debentures. The net proceeds from the sale are expected to be applied toward further reducing the company's remaining outstanding debt.

The company expects to provide an update to its 2017 guidance with the release of its third quarter results on Nov. 9, 2017.

About Pengrowth Energy Corp.

Pengrowth Energy is a Canadian intermediate energy company focused on the sustainable development and production of oil and natural gas in Western Canada from its Lindbergh thermal oil property and its Groundbirch Montney gas property. The company is headquartered in Calgary, Alta., and has been operating in the Western Canadian sedimentary basin for over 28 years.

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