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Perpetual Energy releases 2013 year-end reserves and provides operational update


Published Feb 6, 2014
Perpetual Energy Inc.

Perpetual Energy Inc. release a summary of the Company's year-end 2013 reserves as reported by the independent engineering firm McDaniel and Associates Consultants Ltd. (McDaniel).

Overall, the results of Perpetual's capital investment program in 2013 were extremely positive, with reserve additions replacing production by close to 2.5 times. The majority of the 2013 reserve additions resulted from capital spending focused on Perpetual's two key diversifying strategies; liquids-rich natural gas in the Wilrich formation in the Greater Edson area and heavy oil reserves in the Mannville area of eastern Alberta.

Tags: Perpetual Energy Inc.




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