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CEO buying at Perpetual Energy (T:PMT)

Updated Thursday Mar 16, 2017 01:56 AM EDT
Susan L. Riddell Rose, CEO and Director, acquired 128,571 Common Shares on a direct ownership basis at a price of $1.750 through a private transaction on March 14th, 2017. The insider also acquired 14,286 Common Shares on a control or direction basis for registered holder RRSP at a price of $1.750 through a private transaction on the same day. The insider also acquired 27,000 Warrants on a direct ownership basis and 3,000 Warrants on a control or direction basis for registered holder RRSP with an exercise price of $2.340 any time prior to March 13, 2020. This represents a $250,000 investment into the company's shares and an account share holdings change of 14.6%.

Perpetual Energy is in the Oil & Gas Exploration and Production Sub Industry Group under the Energy Sector.

Perpetual Energy Inc. (Perpetual) is a Canada-based oil and natural gas exploration and production company. The Company is engaged in finding, developing, producing and marketing natural gas, natural gas liquids (NGL), oil and bitumen. Perpetual's business consists of operations in Alberta focused on exploring and developing the natural gas and NGL resource opportunities in the deep basin in west central Alberta; the exploration for and extraction of heavy oil in eastern Alberta; the development and production of shallow natural gas from mature producing regions in eastern Alberta; bitumen opportunities in northeast Alberta, and interest in a commercial gas storage business through the operation and ownership in a gas storage facility at Warwick in east central Alberta. In the West Central area, it owns and operates both commingled wells and horizontal wells producing liquids-rich gas from the Wilrich formation. Its Mannville heavy oil property is located east of Edmonton.

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