Peyto Exploration & Development is pleased to present its operating and financial results for the second quarter of the 2012 fiscal year. Peyto's production per share grew for the eleventh consecutive quarter while second quarter operating margins of 75%(1) and profit margins of 21%(2) were generated. Second quarter 2012 highlights include:
Peyto Exploration & Development has entered into an amended and restated arrangement agreement with Open Range Energy to amend certain terms of the arrangement agreement dated July 2, 2012 between Peyto and Open Range, whereby Peyto agreed to acquire all of the common shares of Open Range pursuant to a plan of arrangement under the Business Corporations Act (Alberta).
Peyto Exploration & Development has entered into an amended and restated arrangement agreement with Open Range Energyto amend certain terms of the arrangement agreement dated July 2, 2012 between Peyto and Open Range, whereby Peyto agreed to acquire all of the common shares of Open Range pursuant to a plan of arrangement under the Business Corporations Act (Alberta).
Peyto Exploration & Development Corp. declares the following dividends, payable to shareholders of its common shares at the close of business on the record dates indicated.
Peyto Exploration & Development Corp. is pleased to announce that it has entered into an agreement with Open Range Energy pursuant to which Peyto will acquire all of the issued and outstanding common shares of Open Range on the basis of 0.0696 of a Peyto common share for each Open Range common share pursuant to a statutory plan of arrangement (the "Arrangement").
Peyto Exploration & Development confirms that the monthly dividend with respect to May 2012 of $0.06 per common share is to be paid on June 15, 2012, for shareholders of record on May 31, 2012. The ex-dividend date is May 29, 2012. Dividends paid by Peyto to Canadian residents are eligible dividends for Canadian income tax purposes.
+300,00 %
-33,33 %
