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| Home : Pengrowth Achieves $700 Million Disposition Target, Fully Funding Phase One of Lindbergh Development |
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Jul 17
2013 |
Pengrowth Achieves $700 Million Disposition Target, Fully Funding Phase One of Lindbergh Development |
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CALGARY, ALBERTA--(Marketwired - July 16, 2013) - Pengrowth Energy Corporation (TSX:PGF)(NYSE:PGH) today announced that it has entered into agreements for the successful completion of its $700 million non-core asset disposition program previously announced on January 11, 2013. The net proceeds from the disposition program will be used to fund ongoing capital expenditures, including fully funding the remaining budgeted capital expenditures associated with the 12,500 barrels per day (bbl/d) first commercial phase of the Lindbergh thermal project, which received regulatory approval on July 15, 2013. |
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| Source:http://www.marketwire.com/mw/release.do?id=1811742&sourceType=3 |
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