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PERPETUAL ENERGY INC. CONFIRMS JANUARY 2011 DIVIDEND,PROVIDES Q4 2010 OPERATIONAL UPDATE AND UPDATES HEDGING

^{Published on 2011-01-11 18:21:05 - Market Wire}
 

 Financial hedges and physical forward sales contracts Volumes % of Futures Type of at AECO(1) 2011E Price Market(2) Contract (GJ/d) Volume(3) ($/GJ) ($/GJ) Term ------------------------------------------------------------------------- Physical 10,000 6 7.75 3.71 January - March 2011 ------------------------------------------------------------------------- Period Total 10,000 6 7.75 3.71 January - 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 January 11, 2011. (3) Calculated using 2011 estimated production of 180,000 GJ/d, including actual and gas over bitumen deemed production.