Pengrowth Energy commits $55M to Lindbergh thermal bitumen project Pengrowth Energy is pleased to announce that its Board of Directors has approved a commitment of $55M for critical path related, long lead time equipment for the Lindbergh thermal bitumen project. Approximately $20M of this amount will be committed by year end 2012, with the balance to be spent in 2013.
Pengrowth Energy sees FY15 average production 73K-75K BOE/day Pengrowth's Board of Directors approved a $200M capital budget for 2015, down 78% from its 2014 actual CapEx of $904.0M. Sees royalties 12%-15% of ales. Sees FY15 operating costs $15.50-$16.50 per BOE.