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PERPETUAL ENERGY INC. ANNOUNCES DECEMBER 2010 DIVIDEND, CONFIRMS TOTAL COMMITMENT UNDER CREDIT FACILITY, AND UPDATES HEDGING

^{Published on 2010-12-14 04:35:18 - Market Wire}
 

 Financial hedges and physical forward sales contracts Volumes % of Futures Type of at AECO 2010E Price Market(2) Contract (1)(GJ/d) Volume(3) ($/GJ) ($/GJ) Term ------------------------------------------------------------------------- Physical 10,000 5 7.75 3.82 December 2010 - March 2011 ------------------------------------------------------------------------- Period Total 10,000 5 7.75 3.82 December 2010 - March 2011 ------------------------------------------------------------------------- ------------------------------------------------------------------------- (1) Additional "call" option contracts outstanding are as presented in Perpetual's management's discussion and analysis ("MD&A") for the three and nine months ended September 30, 2010. (2) Futures price reflects forward market prices as at December 13, 2010. (3) Calculated using 2010 estimated production of 192,000 GJ/d, including actual and gas over bitumen deemed production.