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Perpetual Lowers Capital Budget
Perpetual Energy Inc. has lowered its 2018 capital expenditure guidance to $21 to 25 million ($6 to 10 million for the remainder of 2018) from $23 to 27 million and reduced its Mannville heavy oil drilling in the second half of 2018 to two wells (1.3 net) from the previous range of six to 10 wells.
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