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BRIEF-Perpetual Energy Inc. Reports First Quarter 2021 Financial And Operating Results

Published 2021-05-04, 08:19 p/m
Updated 2021-05-04, 08:24 p/m
© Reuters.

Perpetual Energy Inc PMT.TO :

* . REPORTS FIRST QUARTER 2021 FINANCIAL AND OPERATING RESULTS

* QTRLY PRODUCTION OF 5,211 BOE/D (73% CONVENTIONAL NATURAL GAS) WAS 10% HIGHER THAN Q4 OF 2020

* RYAN SHAY HAS BEEN APPOINTED VICE PRESIDENT FINANCE AND CHIEF FINANCIAL OFFICER , SUCCEEDING MARK SCHWEITZER

* CO'S RESERVE-BASED CREDIT FACILITY MATURITY WAS RECENTLY EXTENDED TO JUNE 16, 2021, ITS TERM LOAN MATURES ON JUNE 30, 2021

* PRODUCTION IN Q2 IS EXPECTED TO AVERAGE 4,900 TO 5,100 BOE/D

* COMPANY WILL ISSUE ITS 2021 OUTLOOK ONCE CAPITAL SPENDING PLANS HAVE BEEN APPROVED BY THE BOARD OF DIRECTORS

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