Pengrowth Energy (PGH +2.1%) has either closed or has a signed letter of intent to sell...

|About: Pengrowth Energy Corpora... (PGH)|By:, SA News Editor

Pengrowth Energy (PGH +2.1%) has either closed or has a signed letter of intent to sell additional non-core assets. The sales mean the company has surpassed its target of $700M in dispositions, fully funding phase one of the Lindbergh development project. Earlier today, the company disclosed a 51% increase in proved plus probable reserves at Lindbergh. The stock remains halted.