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Perpetual Energy Plans 20 Wells at Mannville, West Edson
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Perpetual Energy Inc. has reported its financial and operating results for the three months ended March 31, 2014.
Perpetual is also pleased to report that an 18 percent increase in borrowing capacity from $110 million to $130 million will be made available on or before May 10, 2014 as a result of the lenders' semi-annual borrowing base review under the Corporation's credit facility which has now been completed.
First Quarter 2014 Operating HighlightsFirst quarter average production of 18,794 boe/d was three percent higher than first quarter 2013 (18,244 boe/d) and one percent higher than the preceding fourth quarter of 2013.
Including deemed production, total deemed and actual production averaged 22,036 boe/d, down two percent from the first quarter of 2013, reflecting the annual 10…
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