15:23:18 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Pengrowth Energy Corp
Symbol PGF
Shares Issued 543,032,572
Close 2015-11-30 C$ 1.14
Market Cap C$ 619,057,132
Recent Sedar Documents

Pengrowth closes sale of Jenner assets for $78-million

2015-12-01 09:32 ET - News Release

Mr. Derek Evans reports

PENGROWTH ANNOUNCES CLOSING OF THE SALE OF ITS JENNER AREA ASSETS

Pengrowth Energy Corp. has successfully completed the previously announced sale of its non-core Jenner area assets for cash consideration of approximately $78-million, after closing cost adjustments. Proceeds from this transaction were used to reduce the company's outstanding debt.

As of Nov. 30, 2015, and taking into account the funds received for the Jenner disposition, the company had $58-million drawn on its $1.0-billion committed bank facility. Pengrowth's long-term debt is primarily in U.S. dollars. Using an exchange rate of 74.9 cents to convert to Canadian dollars, total debt was $1.86-billion as at Nov. 30, 2015.

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