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Pengrowth To Focus on Cardium After NAL Acquisition
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Pengrowth Energy Corporation, is pleased to report its unaudited financial and operating results for the three months ended June 30, 2012.
Highlights
On May 31, 2012, Pengrowth completed the acquisition of NAL, adding over 27,000 barrels of oil equivalent per day ("boepd") of production and 104 million barrels of oil equivalent ("MMboe") of proved plus probable reserves (as at December 31, 2011). The NAL acquisition expanded Pengrowth's strategic focus on light oil plays with the addition of 730 locations in the central Alberta Cardium and southeast Saskatchewan Mississippian light oil plays. Mr. Kelvin Johnston and Mr. Barry Stewart joined Pengrowth's Board of Directors upon closing of the NAL acquisition. Both bring years of experience in the oil and gas industry and augment the depth…- ✓ Full news archive — U.S., Canada & international coverage
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