Key Developments: Perpetual Energy Inc (PMGYF.PK)
1.17USD
17 Jun 2013
$0.01 (+0.86%)
$1.16
$1.19
$1.19
$1.17
25,830
13,199
$1.64
$0.78
Latest Key Developments (Source: Significant Developments)
Perpetual Energy Inc Closes Sale of Elmworth Property for Net Proceeds of $77.5 Million
Perpetual Energy Inc announced that it has closed the previously announced sale of its Elmworth property for net proceeds to Perpetual of $77.5 million, subject to certain closing adjustments and transaction costs. The Elmworth property consists of 3 gross (1.5 net) non-producing horizontal Montney gas wells at Elmworth, one vertical well at Wapiti, and undeveloped land, including 20,256 net acres of Montney rights. At year-end 2012, McDaniel estimated total proved and probable reserves of 13.1 MMboe net to Perpetual at Elmworth. Full Article
Perpetual Energy Inc. Closes $84.3 Million Asset Dispositions-Canada Stockwatch News
Canada Stockwatch News reported that Perpetual Energy Inc. is confirming the closing of its previously announced sale of non-core oil and gas assets in Southern Alberta and the disposition of 90% of the corporation's interest in its Warwick gas storage business (WGSI) for total proceeds of $84.3 million, prior to any customary closing adjustments. As part of the partial 90% sale of WGSI, which is being acquired by a partnership sponsored by Brookfield Asset Management, Perpetual will have the option, exercisable within one year of closing, to buy back from Brookfield up to a 30% additional ownership interest in WGSI at the same price as the initial sale plus adjustments, for a final ownership interest, after any exercise of the buyback option, of up to 40%. Full Article
Perpetual Energy Inc. Provides Update On Asset Divestiture Program
Perpetual Energy Inc. announced that in November 2011 Perpetual announced that initiatives were underway for the sale of certain assets in the fourth quarter of 2011, and 2012. Since the end of the third quarter of 2011, Perpetual has closed multiple non-core asset dispositions for net proceeds of $16 million. In addition, agreements have been executed for several oil and gas asset dispositions for net proceeds totaling an additional $43 million. The pending transactions are expected to close before mid-March following customary due diligence activities. The disposed assets are primarily non-core properties located in eastern and west central Alberta and include approximately 8 MMcf/d of gas production and oil and NGL production of 390 bbl/d, for total proceeds of $59 million. Perpetual is continuing to pursue additional asset sales to reach the previously announced targeted proceeds in 2012. Full Article
Perpetual Energy Inc. Announces Suspension Of Dividend
Perpetual Energy Inc. announced that it will be suspending future dividend payments until further notice. Continued payment of a dividend is not sustainable given the continued weakness in natural gas prices, and will inhibit Perpetual's continuing efforts to implement its strategy of commodity and asset base diversification. Full Article
Paramount Energy Trust Confirms September 2011 Dividend
Paramount Energy Trust confirmed that its dividend to be paid on October 17, 2011 in respect of income received by Perpetual for the month of September 2011, for shareholders of record on September 30, 2011 , will be $0.015 per share. The ex-dividend date is September 28, 2011 . Full Article
Paramount Energy Trust Confirms August 2011 Dividend
Paramount Energy Trust confirmed that its dividend to be paid on September 15, 2011 in respect of income received by Perpetual for the month of August 2011, for shareholders of record on August 31, 2011, will be $0.015 per share. The ex-dividend date is August 29, 2011. Full Article
Paramount Energy Inc Confirms July 2011 dividend
Paramount Energy Inc announced that its dividend to be paid on August 15, 2011 for shareholders of record on July 29, 2011, will be $0.015 per share. The ex-dividend date is July 27, 2011. Full Article
NZ's Pyne Gould sells Perpetual and van Eyk stake
WELLINGTON, Jan 3 - New Zealand's Pyne Gould Corporation Ltd said on Thursday it has agreed to sell its Perpetual wealth management business and its stake in Australia's van Eyk Research, paving the way for its planned move to London or Sydney.
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