Edition:
United Kingdom

Pengrowth Energy Qtrly Loss Per Share $0.91


Wednesday, 6 Mar 2019 

March 6 (Reuters) - Pengrowth Energy Corp ::PENGROWTH ANNOUNCES FOURTH QUARTER 2018 RESULTS, PROVIDES RESERVES UPDATE AND LAUNCHES STRATEGIC REVIEW.QTRLY LOSS PER SHARE $0.91.QTRLY AVERAGE DAILY PRODUCTION 24,104 BOE/D VERSUS 24,702 BOE/D LAST YEAR.ON MARCH 5, 2019 BOARD OF DIRECTORS COMMENCED A FORMAL PROCESS TO EXPLORE AND DEVELOP STRATEGIC ALTERNATIVES.PENGROWTH ENERGY - REVIEW TO EXPLORE RANGE OF STRATEGIC AND TRANSACTION ALTERNATIVES, INCLUDING A SALE, MERGER OR OTHER BUSINESS COMBINATION.PENGROWTH ENERGY -IN DISCUSSIONS WITH LENDING SYNDICATE UNDER ITS $330 MILLION REVOLVING BANK CREDIT FACILITY TO EXTEND MATURITY DATE OF FACILITY.IN DISCUSSIONS TO EXTEND MATURITY DATE OF CREDIT FACILITY THROUGH SEPTEMBER 30, 2019 TO SUPPORT STRATEGIC REVIEW.PENGROWTH ENERGY- CO'S OBJECTIVE IS TO FINALIZE FACILITY EXTENSION AGREEMENT AS SOON AS POSSIBLE, & IN ADVANCE OF CURRENT MARCH 31, 2019 MATURITY DATE. 

Company Quote

0.61
0.06 +10.91%
17 May 2019