- Pengrowth Energy (PGH +10.3%) agrees to sell its non-core Bodo property in eastern Alberta to an unnamed buyer for $95M, which will be used to reduce the company’s debt.
- The Bodo property produced 2.7K boe/day on average for first eight months of 2015, but PGH says it still expects to produce 70K-72K boe/day for the full year.
- PGH says the sale brings its total asset sales and committed sales for 2015 to $260M, and it expects to achieve its $600M target in dispositions of non-core assets for the year.