Pengrowth plans to invest a total of $770 million in 2013 to develop its focused set of oil and liquids-rich natural gas opportunities, including Lindbergh. The 2013 capital program will focus on maximizing cash flow to fund dividends, while investing significant long-lead capital related to Phase 1 of the low decline Lindbergh project. The 2013 program will be funded by operating cash flow and proceeds from non-core asset dispositions, including the $315 million Weyburn disposition announced in December."We are excited to proceed with the first phase of Lindbergh, a highly economic, low decline project that, once at full capacity, will provide the backbone for a long term, dividend paying model," said Derek Evans, President and Chief Executive Officer. "We believe the resource base at Lindbergh will ultimately support production of 50,000 barrels of bitumen per day for Pengrowth and will generate significant long term cash flow in support of our dividend. Pengrowth has a solid financial plan that allows us to fund our 2013 capital program without issuing further debt or equity."Highlights:Pengrowth remains committed to a dividend of 4 cents per share per month.Pengrowth sanctions Phase 1 of the 26% IRR Lindbergh thermal bitumen project and corresponding $300 million in capital expenditures in 2013.Pengrowth will undertake a $470 million non-thermal capital expenditure program in 2013, with $332 million directed to light oil and natural gas liquids in the core areas of Greater Olds and Swan Hills. The company plans to divest up to $700 million in assets in 2013 to improve financial flexibility and funding capability for Lindbergh in 2013 and 2014, as well as focusing our organizational expertise on our core areas.The company expects its operations to generate funds flow of $680 million in 2013, about 14% more than forecast 2012 funds flow.>