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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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January 22, 2015
05:13 EDTPGHPengrowth Energy sees FY15 production 74,000 boe/d
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05:11 EDTPGHPengrowth Energy lowers monthly dividend by 50% to 2c per share
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05:10 EDTPGHPengrowth Energy reports preliminary FY14 production at top end of 71K-73K boe/d
Pengrowth Energy announced significant accomplishments in 2014 including: Production performance exceeding the top end of production guidance of 71,000-73,000 barrels of oil equivalent per day, or boe/d, even with mature asset sales of 1,400 boe/d. In light of the rapid decline in commodity prices, Pengrowth is announcing extensive and proactive measures for 2015 designed to ensure the company's financial health and sustainability in a low commodity price environment. These steps include: A significantly reduced capital program for 2015 of $200M, representing a 74% reduction from 2014, with no decrease in expected production compared to 2014. A revised two phase development plan for Lindbergh that is expected to deliver total production of 40,000-50,000 barrels per day, or bbl/d, with $800M less in capital spending, which also incorporates the deferral of Lindbergh Phase II by one year.
January 21, 2015
11:22 EDTPGHPengrowth Energy to host investor day
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10:01 EDTPGHOn The Fly: Analyst Downgrade Summary
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09:11 EDTPGHPengrowth Energy downgraded to Market Perform from Outperform at Raymond James
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