Pengrowth Energy Corporation and NAL Energy Corporation report that Pengrowth and NAL have completed the business combination of Pengrowth and NAL pursuant to a plan of arrangement under the Business Corporations Act (Alberta).

Derek Evans, Pengrowth's President & CEO, said "We are pleased with the successful closing of this strategic transaction and welcome Kel Johnston and Barry Stewart to our board of directors. This transaction makes Pengrowth the second largest intermediate producer in Canada, with a larger inventory of high netback opportunities in light oil."

Tags: Pengrowth Energy Trust