Potential offtaker

Perpetual Energy Inc.

www.perpetualenergyinc.com

Estimated electricity consumption

N/A

Countries of production presence

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Perpetual Energy Inc. is a Canadian company that operates in the natural gas production sector. The company was founded in 2010 and is based in Calgary, Alberta. Perpetual Energy Inc. is committed to decarbonisation and reducing its carbon footprint. The company is also focused on corporate energy and corporate power purchase agreements (PPAs) to support renewable energy.

Perpetual Energy Inc. is a publicly traded company that is listed on the Toronto Stock Exchange (TSE) under the symbol "PMT". The company's core business is the exploration, development, and production of natural gas in Western Canada. Perpetual Energy Inc. has a diversified portfolio of assets in Alberta and British Columbia, including the Mannville coal bed methane (CBM) project, the Edson CBM project, and the Deep Basin Montney project.

The Mannville CBM project is located in east-central Alberta and covers an area of approximately 160,000 acres. The project has been in operation since 2004 and has produced over 100 billion cubic feet (BCF) of natural gas to date. The Edson CBM project is located in west-central Alberta and covers an area of approximately 34,000 acres. The project has been in operation since 2006 and has produced over 70 BCF of natural gas to date. The Deep Basin Montney project is located in northwestern Alberta and covers an area of approximately 100,000 acres. The project has been in operation since 2012 and has produced over 50 BCF of natural gas to date.

Perpetual Energy Inc. is committed to decarbonisation and reducing its carbon footprint. The company has implemented several initiatives to reduce its greenhouse gas (GHG) emissions, including the use of low-emission engines and compressors, the implementation of energy-efficient technologies, and the adoption of renewable energy sources. Perpetual Energy Inc. has also set a target to reduce its GHG emissions by 30% by 2030.

In addition to its commitment to decarbonisation, Perpetual Energy Inc. is focused on corporate energy and corporate PPAs to support renewable energy. The company has signed several PPAs with renewable energy providers to purchase renewable energy credits (RECs) and support the development of renewable energy projects. Perpetual Energy Inc. has also invested in renewable energy projects, including wind and solar, to diversify its energy portfolio and support the transition to a low-carbon economy.

Perpetual Energy Inc. is also committed to corporate social responsibility (CSR) and has implemented several initiatives to support the communities in which it operates. The company has established a community investment program that provides funding to local organizations and initiatives that support education, health, and the environment. Perpetual Energy Inc. has also implemented a health and safety program that prioritizes the safety of its employees, contractors, and the communities in which it operates.

In conclusion, Perpetual Energy Inc. is a Canadian company that operates in the natural gas production sector. The company is committed to decarbonisation and reducing its carbon footprint. Perpetual Energy Inc. is also focused on corporate energy and corporate PPAs to support renewable energy. The company has a diversified portfolio of assets in Alberta and British Columbia and is committed to corporate social responsibility. Perpetual Energy Inc. is well-positioned to support the transition to a low-carbon economy and contribute to a sustainable future.

✓ Declared Net Zero commitment