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BRIEF-Pengrowth to sell remaining Swan Hills assets for $185 mln

Published 2017-04-25, 05:20 p/m
© Reuters.  BRIEF-Pengrowth to sell remaining Swan Hills assets for $185 mln
PGF
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April 25 (Reuters) - Pengrowth Energy Corp PGF.TO -

* Pengrowth enters into agreement to sell remaining Swan Hills assets for $185 million

* Pengrowth Energy Corp - divested assets generated average daily production of approximately 5,150 barrels of oil equivalent per day during q4

* Pengrowth Energy - sale of remaining swan hills assets expected to impact 2017 average production guidance by approximately 3,400 boe per day

* Pengrowth Energy Corp - divested assets had proved plus probable reserves of 21.0 million boe assigned to them as at december 31, 2016

* Pengrowth Energy Corp - revised 2017 production to be between 43,500 and 45,500 boe per day

* Pengrowth energy corp sees 2017 total capital expenditures $125 million

* Pengrowth Energy Corp - sees fy funds flow from operations $160 million

* Pengrowth Energy - to use proceeds from sale to further reduce its debt, including prepaying remaining outstanding $100 million of 6.35% senior term notes Source text for Eikon: ID:nCCNwXnnp Further company coverage: PGF.TO

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