Perpetual Energy IncSuite 3200, 605 5 Avenue SW, Calgary, Alberta, Canada

Perpetual Energy Inc. is a Canadian energy company focused on long-term value creation through oil and gas based exploration, development, production and marketing. Perpetual has built a spectrum of resource-style opportunities spanning heavy oil, liquids-rich natural gas and bitumen. These balance a base of legacy shallow gas assets. With a track record of innovation and operational excellence, Perpetual is positioned to grow and prosper throughout the dynamic cycles of the energy business.

Strategic Priorities

With projected low commodity prices in 2016, Perpetual will prioritize liquidity management and preservation of its balance sheet through reduced spending and a focus on reducing costs and maximizing efficiencies in administration and operations. Perpetual is focused on four key strategic priorities for 2016:

1) reduce debt and restore cash flow;
2) grow value and scope of Greater Edson liquids-rich gas;
3) maximize value potential of Eastern Alberta assets; and
4) advance high impact opportunities.