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Stock Market & Financial Investment News

News Breaks
November 5, 2012
14:58 EDTPGHPengrowth 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.
News For PGH From The Last 14 Days
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December 15, 2014
16:37 EDTPGHPengrowth Energy commences steam operations at Lindbergh Thermal Project
Pengrowth Energy announced that it has commenced steam operations at the Lindbergh Thermal Project located in the Cold Lake area of eastern Alberta. Pengrowth has been operating a two well pair pilot at Lindbergh for the last 34 months, which has produced approximately 1.6M barrels to date with a cumulative steam oil ratio of 2.1x. November production from the pilot averaged approximately 1,760 bbl/d with an instantaneous steam oil ratio of 2.3x.

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