yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.
Cloud Expo on Google News

2008 West
Data Direct
SOA, WOA and Cloud Computing: The New Frontier for Data Services
Red Hat
The Opening of Virtualization
User Environment Management – The Third Layer of the Desktop
Cloud Computing for Business Agility
CMIS: A Multi-Vendor Proposal for a Service-Based Content Management Interoperability Standard
Freedom OSS
Practical SOA” Max Yankelevich
Architecting an Enterprise Service Router (ESR) – A Cost-Effective Way to Scale SOA Across the Enterprise
Return on Assests: Bringing Visibility to your SOA Strategy
Managing Hybrid Endpoint Environments
Game-Changing Technology for Enterprise Clouds and Applications
Click For 2008 West
Event Webcasts

2008 West
Get ‘Rich’ Quick: Rapid Prototyping for RIA with ZERO Server Code
Keynote Systems
Designing for and Managing Performance in the New Frontier of Rich Internet Applications
How Can AJAX Improve Homeland Security?
Beyond Widgets: What a RIA Platform Should Offer
REAs: Rich Enterprise Applications
Click For 2008 Event Webcasts
Top Links You Must Click On

Perpetual Energy Inc. Signs Purchase and Sale Agreement for the Divestiture of Elmworth Property for net Proceeds of $77.5 Million

CALGARY, Dec. 18, 2012 /PRNewswire/ - (TSX:PMT) - Perpetual Energy Inc. ("Perpetual" or the "Corporation") is pleased to announce further positive results from the Corporation's ongoing asset disposition program. Perpetual has entered into a definitive purchase and sale agreement, along with its partner Tourmaline Oil Corp., to jointly divest its Elmworth, Alberta property for gross proceeds of $155 million, $77.5 million net to Perpetual, subject to certain closing adjustments and transaction costs.  This transaction is currently expected to close on or prior to March 1, 2013.

The Elmworth property consists of 3 gross (1.5 net) non-producing horizontal Montney gas wells at Elmworth, one vertical well at Wapiti, and undeveloped land, including 20,256 net acres of Montney rights. This disposition will have no negative effect on Perpetual's 2013 projected production or cash flow, and interest expense will be reduced by approximately $4 million on an annual basis, assuming that the proceeds permanently reduce bank debt.

Due to the long development timeline and significant capital required to build sour gas infrastructure into the Elmworth area to establish cost-efficient production, Perpetual has chosen to build the liquids-rich gas component of its diversified portfolio around the robust inventory of Wilrich horizontal development opportunities in the greater Edson area.

Proceeds from this disposition will initially be applied to reduce outstanding bank debt and, along with the interest savings on reduced bank debt, will significantly bolster Perpetual's financial flexibility to continue to deploy capital to its chosen key commodity-diversifying growth strategies in Mannville heavy oil and Edson liquids-rich Wilrich gas development. It will also allow Perpetual to continue to advance the Corporation's portfolio of medium and long term value and growth plays with risk-managed investment. In addition, this transaction provides added optionality for managing the Corporation's long term debt obligations.

Current drawings on the Corporation's $130 million credit facility are approximately $85 million. Proforma for the announced dispositions and the Corporation's planned $40 million first quarter 2013 capital spending program, and assuming the current forward markets for commodity prices, Perpetual expects to exit the first quarter of 2013 drawn approximately $35 to $40 million on its credit facility.

Forward-Looking Information

Certain information regarding Perpetual in this news release including management's assessment of future plans and operations may constitute forward-looking statements under applicable securities laws. The forward-looking information includes, without limitation, statements regarding prospective drilling activities; forecast debt levels and credit facility draws; forecast and realized commodity prices; expected funding and timing of capital expenditures; projected use of funds flow; planned drilling and development and the results thereof; expected dispositions and the use of proceeds therefrom; effects of dispositions on production, cash flow, debt levels, liquidity and financial flexibility; commodity prices; and estimated interest expense. Forward-looking information is based on current expectations, estimates and projections that involve a number of risks, which could cause actual results to vary and in some instances to differ materially from those anticipated by Perpetual and described in the forward looking information contained in this press release. Undue reliance should not be placed on forward-looking information, which is not a guarantee of performance and is subject to a number of risks or uncertainties, including without limitation those described under "Risk Factors" in Perpetual's management's discussion and analysis for the year ended December 31, 2011 and those included in reports on file with Canadian securities regulatory authorities which may be accessed through the SEDAR website ( and at Perpetual's website Readers are cautioned that the foregoing list of risk factors is not exhaustive. Forward-looking information is based on the estimates and opinions of Perpetual's management at the time the information is released and Perpetual disclaims any intent or obligation to update publicly any such forward-looking information, whether as a result of new information, future events or otherwise, other than as expressly required by applicable securities laws.

SOURCE Perpetual Energy Inc.

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Enterprise Open Source Magazine Latest Stories . . .
Test-driven development (TDD) has been around for a while now. Behavior-driven development (BDD), a comparably recent methodology, emerged from the practice of TDD and could reasonably be called a narrower application of TDD. The TDD process allows a developer to use a failing unit t...
Using any programming framework to the fullest extent possible first requires an understanding of advanced software architecture concepts. While writing a little client-side JavaScript does not necessarily require as much consideration when designing a scalable software architecture, t...
Developers generally like to share their code, and many of them do so by open sourcing it on GitHub, a social code hosting and collaboration service. Many companies also use GitHub as a convenient place to host both private and public code repositories by creating GitHub organizations ...
It is no surprise that OpenStack has evolved into a widely adopted cloud management framework. As it hurtles on a trajectory of rapid growth, a new breed of demands are making themselves felt – demands that a mature platform of this nature and scope must satisfy. One such requirement i...
The combined notions of open source and the ‘community contribution’ model of collaborative software application development are, of course, not new. The history of open source is actually traced back to early software exchanges between universities driven by academic principles of kn...
Cloud computing delivers on-demand IT resources that provide businesses flexibility. The challenge is the cost and complexity of cloud security compliance (PCI, HIPAA, FFIEC). Raxak Protect automated cloud security enables cloud apps to be deployed quickly and cost-effectively. Get the...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)!

Advertise on this site! Contact advertising(at)! 201 802-3021

SYS-CON Featured Whitepapers