Perpetual Energy Inc. announced that the semi-annual borrowing base redetermination of the Company's first lien credit facility has been completed and the existing $17 million borrowing limit and term of the credit facility has been maintained. The credit facility has an initial term to November 30, 2022 unless the revolving period is extended a further six months subject to approval by the lenders. If not extended on or before November 30, 2022 all outstanding advances will be repayable on May 31, 2023. The next borrowing limit redetermination is scheduled to occur on or before May 31, 2022.