Mr.
Pete Sametz reports
PENGROWTH PROVIDES CLARIFICATION WITH REGARDS TO NYSE LISTING
Pengrowth Energy has provided a clarification to its news release dated April 18, 2018, regarding the listing of shares on the New York Stock Exchange (NYSE). It is the intention of the company to continue trading on the NYSE until the end of the compliance cure period, which is expected to be June 1, 2018. If at that time, the company regains compliance through an increase in its share price, then the intent of the company is to remain listed on the NYSE. If the company's share price does not increase sufficiently to meet the continued standards requirements, then the company expects the NYSE will commence with delisting procedures.
About Pengrowth Energy Corp.
Pengrowth Energy is a Canadian 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, Alberta, Canada, and has been operating in the Western basin for over 28 years.
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