December 16, 2014 / 5:53 PM / in 3 years

BUZZ-Pengrowth Energy Corp: Nears first oil at Alberta project

** Canadian oil and gas explorer’s shares up 9.3 pct at C$3.40

** Commences steam operations at the Lindbergh thermal project in the Cold Lake area of eastern Alberta (1.usa.gov/1IY6sxW)

** “First steam ... represents the completion of construction and commissioning of the facilities and is the last major milestone before first oil,” says CEO Derek Evans

** Up to Monday’s close, stock has fallen 60 pct since its more-than 2-year high of $7.78 hit on June 18

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