Q3 2019 Interim Report
(WorldNews Canada)

Strategic decisions centered on diversifying Perpetual`s revenue base continued to help stabilize financial and operating results in a volatile commodity price environment for the third quarter of 2019. Perpetual`s market diversification strategy and natural gas price hedging activity delivered strong natural gas pricing of $3.13/Mcf, 244% higher than the average AECO Daily Index price for the quarter. Focused capital investment, specifically targeting liquids projects in both core operating areas over the past several quarters, has resulted in liquids production growth despite overall production declines related to deferred spending. Heavy oil production in Eastern Alberta grew another 8%...