May 4 (Reuters) - Perpetual Energy Inc PMT.TO :
* PERPETUAL ENERGY INC. REPORTS FIRST QUARTER 2020 FINANCIAL AND OPERATING RESULTS
* PERPETUAL ENERGY INC - PRODUCTION AVERAGED 7,479 BOE/D IN Q1 OF 2020, DOWN 27% FROM COMPARABLE PERIOD IN 2019 AND DOWN 6% FROM Q4 OF 2019
* PERPETUAL ENERGY INC - REALIZED REVENUE WAS $13.88/BOE IN Q1 OF 2020, 43% LOWER THAN COMPARATIVE PERIOD OF 2019 ($24.24/BOE)
* PERPETUAL ENERGY INC - IMPACT OF COVID-19, COUPLED WITH SAUDI ARABIA AND RUSSIA INDUCED OIL PRICE SHOCK, DRAMATICALLY IMPACTED PERPETUAL'S OPERATIONS
* PERPETUAL ENERGY-FURTHER CAPEX IN 2020 IN EASTERN ALBERTA TO BE DEFERRED,CO'S HEAVY OIL PRODUCTION TEMPORARILY SUSPENDED PENDING OIL PRICES RECOVERY
* PERPETUAL ENERGY - ASSUMING MID-YEAR RECOVERY OF OIL PRICES, CO ANTICIPATES AVERAGE 2020 SALES VOLUMES OF 4,500 TO 5,500 BOE/D (25% LIQUIDS)