Perpetual Energy Inc. provided capital expenditures guidance for the fourth quarter of 2016, first half, second half and full year of 2017 and production guidance for the month of December and full year of 2017. For the quarter, the company expects total capital spending for exploration and development capital expenditures of $8.0 million. For the first half, the company expects total capital spending for exploration and development capital expenditures of $26.0 million. For the second half, the company expects total capital spending for exploration and development capital expenditures of $39.0 million. For the year, the company expects total capital spending program in 2017 of $65 million. Based on these assumptions and the current forward market for oil and natural gas prices, the company forecasts 2017 funds flow of approximately $44 million or $0.84 per share. Incorporating the current market value of the company's 1.85 million common shares of Tourmaline Oil Corp. of $36.78 per share, the company estimates year end 2017 total net debt of approximately $65 million, with a corresponding debt to trailing twelve months funds flow ratio of approximately 1.5. Based on the total capital spending program in 2017 of $65 million, the company expects to exit 2017 at a production rate of 12,750 to 13,000 boe/d in December 2017, with full year 2017 production averaging between 10,750 to 11,000 boe/d (85% natural gas). This represents growth in average daily production from fourth quarter of 2016 to full year of 2017 of close to 30% and an increase in exit rate based on average December production of approximately 60% year over year.