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Perpetual Limiting 2016 Drilling to 1.0 Net Well; Reports 4Q Results
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Perpetual Energy Inc. reports its fourth quarter and year end 2015 financial and operating results together with a summary of the Company's year-end 2015 reserves as reported by the independent engineering firm McDaniel and Associates Consultants Ltd.
2016 Plans Capital Expenditure: $6 million Wells Plan To Drill : 1.0 net well Perpetual continues to target strategic asset sales in 2016 2016 OutlookIn 2016, Perpetual's has identified its top four strategic priorities which include:
Reduce debt and restore cash flow; Grow value and scope of Greater Edson liquids-rich gas; Maximize value potential of Eastern Alberta assets; and Advance high impact opportunities.With projected further low commodity prices in 2016, Perpetual will prioritize liquidity management and preservation of its…
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