CALGARY,
AB, June 8, 2022 /CNW/ - (TSX:
PMT) – Perpetual Energy Inc. ("Perpetual" or the
"Company") announced today that the semi-annual borrowing base
redetermination of the Company's first lien credit facility has
been completed and the previous $17.0
million borrowing limit has been increased to $30.0 million with an initial term to
May 31, 2023 and which which may be
extended for a further twelve months to May
31, 2024 subject to lender approval. If not extended by
May 31, 2023, all outstanding
advances would be repayable on May 31,
2024. The next semi-annual borrow base redetermination is
scheduled on or before November 30,
2022.
ADDITIONAL INFORMATION
About Perpetual
Perpetual is an oil and natural gas exploration, production and
marketing company headquartered in Calgary, Alberta. Perpetual owns a diversified
asset portfolio, including liquids-rich conventional natural gas
assets in the deep basin of West Central Alberta, heavy crude oil
and shallow conventional natural gas in Eastern Alberta. Additional information on
Perpetual can be accessed at www.sedar.com or from the
Corporation's website at www.perpetualenergyinc.com.
The Toronto Stock Exchange has neither approved nor disapproved
the information contained herein.
SOURCE Perpetual Energy Inc.