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Pengrowth Energy (PGH) says its board has sanctioned Phase 1 of its Lindbergh thermal bitumen...

Pengrowth Energy (PGH) says its board has sanctioned Phase 1 of its Lindbergh thermal bitumen project, which is expected to produce 12.5K bbl/day of bitumen when fully operational in Q2 2015, a year ahead of previous estimates. Phase 1 capex is targeted at $590M, $150M more than earlier guidance. PGH expects total average daily production volume of 85K-87K boe/day in FY 2013.
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