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Pengrowth Energy Corp (PGF.TO)

PGF.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Pengrowth Energy posts Q3 average daily production 35,072 boe/d vs 55,137 boe/d
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Pengrowth Energy Corp :Pengrowth Energy Corp - ‍Q3 average daily production was 35,072 boe per day, compared to average daily production of 55,137 boe per day in Q3 of 2016​.Pengrowth Energy Corp sees FY 2017 ‍average daily production of 39,500 boe per day to 41,500 boe per day​.Pengrowth Energy Corp sees FY 2017 ‍total capital expenditures of $125 million ​.Pengrowth Energy - sees 2018 capital program of between $50 million & $60 million, to support annual production rate of 22,500 boe per day to 24,500 boe per day​.  Full Article

Pengrowth reaches agreement for sale of its quirk creek sour gas assets for $6.5 mln​
Friday, 3 Nov 2017 

Nov 3 (Reuters) - Pengrowth Energy Corp ::Pengrowth reaches agreement for sale of its quirk creek sour gas assets.Pengrowth Energy Corp - ‍entered into an agreement for sale of its quirk creek assets in southern Alberta for total cash consideration of $6.5 million​.Pengrowth Energy Corp - ‍sale includes quirk creek sour gas plant and associated gathering systems related to production of sour gas and liquids.  Full Article

Pengrowth announces the sale of non-core Alberta assets
Wednesday, 18 Oct 2017 

Oct 18 (Reuters) - Pengrowth Energy Corp :Pengrowth announces the sale of non-core Alberta assets.Says ‍sale is expected to generate material savings in aggregate operating expenses as well as general and administrative costs​.Says ‍cost savings, when combined with sale proceeds result in transaction being neutral to funds flow​.Says ‍sale is expected to generate material savings in aggregate operating expenses as well as general and administrative costs​.Says ‍upon completion of sale, Pengrowth's Alberta assets include its Lindbergh Thermal Oil, Quirk Creek and Fenn Big Valley Assets​.Says to sell ‍majority of remaining legacy assets in Alberta for nominal cash consideration, assumption of abandonment, reclamation liabilities​.  Full Article

PENGROWTH ANNOUNCES FINALIZATION OF AGREEMENTS TO AMEND FINANCIAL COVENANTS
Thursday, 12 Oct 2017 

Oct 12 (Reuters) - Pengrowth Energy Corp ::PENGROWTH ANNOUNCES SIGNIFICANT DEBT REPAYMENT AND FINALIZATION OF AGREEMENTS WITH BANK SYNDICATE AND NOTEHOLDERS TO AMEND FINANCIAL COVENANTS.FINALIZED ‍AGREEMENTS AMEND EXISTING FINANCIAL COVENANTS EFFECTIVE FOR QUARTER ENDING SEPT 30 THROUGH TO & INCLUDING QUARTER ENDING SEPT 30, 2019​.TERMS OF AMENDING DEALS IS EXPECTED TO PROVIDE CO WITH "FINANCIAL FLEXIBILITY&RUNWAY TO RESTRUCTURE REMAINING DEBT WITH COVENANT LIGHT DEBT"​.‍HAS PREPAID ALL OF ITS OUTSTANDING TERM NOTES DUE IN 2018​.‍CREDIT LIMIT UNDER CREDIT FACILITY TO BE REDUCED TO CDN $330 MILLION AFTER COMPLETION OF DISPOSITION OF CO'S REMAINING SWAN HILLS ASSETS​.FINALIZED AGREEMENTS REDUCE CREDIT LIMIT UNDER CREDIT FACILITY TO C$400 MILLION​.  Full Article

Pengrowth Energy Corp and Frog Lake Energy Resources Corp enter into a sale leaseback agreement for co-generation facilities at Lindbergh
Friday, 1 Apr 2016 

Pengrowth Energy Corp and Frog Lake Energy Resources Corp:Says agreement for the sale and leaseback of the co-generation facilities at Pengrowth's Lindbergh thermal oil project in Cold Lake Alberta.Under terms of agreement, FLERC has made an investment of Cdn $35 million and will own and leaseback the co-generation facilities.  Full Article

BRIEF-Pengrowth Appoints Peter Sametz As President And CEO

* PENGROWTH ANNOUNCES THE PLANNED RETIREMENT OF CURRENT CEO DEREK EVANS AND THE PENDING APPOINTMENT OF PETER SAMETZ AS PRESIDENT AND CEO