GREY:MKRYF - Post by User
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OOU812on Oct 18, 2017 11:08pm
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Pengrowth sells 5,500 boepd for nominal cash???????????
Pengrowth sells 5,500 boepd for nominal cash???????????"Pengrowth Energy Corp. has entered into an agreement for the sale of the vast majority of its remaining non-core legacy assets in Alberta for nominal cash consideration and the assumption of abandonment and reclamation liabilities. The sales package encompasses a collection of widely dispersed, mature legacy assets from 36 properties and over 270 facilities and 1,600 wellbores. The combined assets generated average daily production of approximately 5,500 barrels of oil equivalent per day (weighted approximately 80 per cent towards natural gas) during the second quarter of 2017 and had proved plus probable reserves of 21.3 million boe assigned to them as at Dec. 31, 2016, according to the independent reserve evaluators GLJ Petroleum Consultants Ltd."