October 18, 2017 / 7:20 PM / 9 months ago

BRIEF-Pengrowth announces the sale of non-core Alberta assets

Oct 18 (Reuters) - Pengrowth Energy Corp

* Pengrowth announces the sale of non-core Alberta assets

* Says ‍sale is expected to generate material savings in aggregate operating expenses as well as general and administrative costs​

* Says ‍cost savings, when combined with sale proceeds result in transaction being neutral to funds flow​

* Says ‍sale is expected to generate material savings in aggregate operating expenses as well as general and administrative costs​

* Says ‍upon completion of sale, Pengrowth's Alberta assets include its Lindbergh Thermal Oil, Quirk Creek and Fenn Big Valley Assets​

* Says to sell ‍majority of remaining legacy assets in Alberta for nominal cash consideration, assumption of abandonment, reclamation liabilities​ Source text for Eikon: Further company coverage:

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