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PERPETUAL ENERGY INC. CONFIRMS SEPTEMBER 2010 DIVIDEND AND UPDATES HEDGING

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^{Published in Stocks and Investing on Friday, September 10th 2010 at 9:35 GMT by Market Wire}  

 Financial hedges and physical forward sales contracts Volumes % of Futures Type of at AECO(1) 2010E Price Market(2) Contract (GJ/d) Volume(3) ($/GJ) ($/GJ) Term ------------------------------------------------------------------------- Financial 85,000 7.52 November - December 2010 Physical 10,000 7.75 November - December 2010 ------------------------------------------------------------------------- Period 95,000 49 7.54 3.76 November - Total December 2010 ------------------------------------------------------------------------- Financial 65,000 3.87 January - March 2011 Physical 10,000 7.75 January - March 2011 ------------------------------------------------------------------------- Period 75,000 39 4.39 3.95 January - Total March 2011 ------------------------------------------------------------------------- Financial 47,500 25 5.21 3.95 April - October 2011 ------------------------------------------------------------------------- Financial 37,500 20 5.33 4.68 November 2011 - March 2012 ------------------------------------------------------------------------- (1) Additional "call" option contracts outstanding are as presented in Perpetual's management's discussion and analysis ("MD&A") for the three and six months ended June 30, 2010. (2) Futures price reflects forward market prices as at September 10, 2010. (3) Calculated using 2010 estimated production of 192,000 GJ/d, including actual and gas over bitumen deemed production.