Darren Gee
President and Chief Executive Officer
(403) 451-4100
(403) 237-8911
Subsequent to this facility expansion, Peyto’s total borrowing capacity increases to $1.15 billion, with $1.0 billion of unsecured, covenant based revolving bank credit and $150 million of senior unsecured long-term notes. Despite this increase in credit capacity, Peyto plans to maintain a strong and flexible balance sheet which, in combination with its high quality asset base and low cost advantage, allows the Company to be opportunistic in this environment.
Shareholders and interested investors are encouraged to visit the Peyto website at www.peyto.comto learn more about what makes Peyto one of North America’s most exciting energy companies. The monthly President’s Report contains information regarding Peyto’s operations including estimated current production and capital spending.
Certain information set forth in this document, including management’s assessment of Peyto’s future plans and operations, contains forward-looking statements. By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond these parties’ control, including the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, competition from other industry participants, the lack of availability of qualified personnel or management, stock market volatility and ability to access sufficient capital from internal and external sources. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. Peyto’s actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits that Peyto will derive therefrom.