January 18, 2017 / 11:42 PM / in 9 months

BRIEF-Pengrowth's board approves interim 2017 capex budget

Jan 18 (Reuters) - Pengrowth Energy Corp

* Pengrowth Energy -2017 capital budget is expected to support annual average daily production of between 50,000 and 52,000 barrels of oil equivalent per day

* Company’s board of directors has approved an interim 2017 capital expenditure budget of $125 million

* Company is allocating about $80 million towards development and maintenance activities at its Lindbergh thermal project

* Pengrowth Energy-About $60 million of Lindbergh capital has been allocated to optimization of phase one production Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below