Pieridae Energy Ltd. will release its financial and operating results for the first quarter 2025, on Wednesday, May 7, 2025, after markets close. President & Chief Executive Officer Darcy Reding and Chief Financial Officer Adam Gray will discuss first quarter financial results and recent company developments on an investor conference call and webcast following the formal portion of the Company's annual and special meeting [...]
Pieridae Energy Ltd. is pleased to announce its intention to change its name to Cavvy Energy Ltd., and will seek shareholder approval for the change at its upcoming Annual and Special Meeting of Shareholders on May 8, 2025. "At the beginning of 2023 and with the support of our board of directors, our leadership team announced our intent to concentrate on our western Canadian upstream and midstream business, shifting away [...]
Pieridae Energy Ltd. announces the release of its fourth quarter and full year 2024 financial and operating results and year-end reserves. Pieridae generated Net Operating Income1 of $64.6 million and produced 27,763 boe/d during 2024. The Company posted Q4 NOI of $13.7 million and production of 22,568 boe/d, while 2024 exit production was approximately 25,558 boe/d. The Company also filed its Annual Information Form for [...]
Pieridae Energy Ltd. will release its financial and operating results for the 2024 fourth quarter and year-end, on Wednesday, March 19, 2025, after markets close. President & Chief Executive Officer Darcy Reding and Chief Financial Officer Adam Gray will discuss the financial results and company developments on an investor conference call and webcast on Thursday March 20, 2025, at 8:30 a.m. MDT / 10:30 a.m. EDT. To [...]
Pieridae Energy Ltd. is pleased to provide 2025 guidance including scope of the 2025 capital program along with production and Net Operating Income1 projections. 2025 Guidance Estimates Initial Guidance Low High Production 23,000 25,000 NOI $75,000 $95,000 Operating Netback $9.00 $11.00 Capital Expenditures $25,000 $30,000 Refer to the "non-GAAP measures" section of the Company's latest MD&A Assumes average 2025 AECO [...]
Pieridae Energy Ltd. announces that Mr. Alfred Sorensen, Chief Executive Officer of the Company, has indicated to the Company's Board of Directors that he will be retiring from his roles as Chief Executive Officer and Director shortly. Mr. Sorensen has been instrumental in leading the operations of Pieridae for over a decade. With the completion of the Company's refinancing, which was a key step in Pieridae's previously [...]
Pieridae Energy Ltd. is pleased to announce that its wholly-owned subsidiary Pieridae Alberta Production Ltd. has successfully completed a debt refinancing transaction, resulting in new credit facilities with Prudential Private Capital and Voya Investment Management , totaling USD $150 million . The Financing retires Pieridae's existing debt in advance of its upcoming maturity and materially reduces the Company's cost of [...]
Pieridae Energy Ltd. today announced that, in accordance with section 11.3 of National Instrument 51-102 Continuous Disclosure Obligations, the Company released its Voting Results Report that briefly describes the matters voted upon and the outcome of the votes at the Annual Meeting of Shareholders of Pieridae held on May 11, 2023. Each of the matters acted upon at the Meeting is described below and in greater detail in [...]
Pieridae Energy Ltd. announces the release of its first quarter 2023 financial and operating results. Pieridae generated Net Operating Income 1 of $50 million and made term debt principal repayments totalling $28 million during the first quarter of 2023. Pieridae's management's discussion and analysis and unaudited interim consolidated financial statements and notes for the quarter ended March 31, 2023 are available at [...]
Pieridae Energy Ltd. announces the release of its fourth quarter and full year 2022 financial and operating results and year end 2022 reserves. Pieridae generated Net Operating Income 1 of $201 million and made term debt principal repayments totalling $48 million during 2022. In addition, the Company filed its Annual Information Form for the year ended December 31, 2022 containing Pieridae's 2022 independent oil and [...]
Pieridae Energy Ltd. will release its financial and operating results for the fourth quarter and year-end 2022 on Wednesday, March 22, 2023, prior to markets opening. Chief Executive Officer Alfred Sorensen, President & Chief Operating Officer Darcy Reding and Chief Financial Officer Adam Gray will discuss the financial results and company developments on an investor conference call and webcast on Wednesday, March 22 [...]
Pieridae Energy Ltd. is pleased to provide 2023 guidance including scope of the 2023 capital program along with production and net operating income projections. 2023 Guidance Initial 2023 Guidance Low High Total production 37,000 39,000 Net operating income $170,000 $200,000 Implied Operating Netback $12.00 $14.00 Sustaining capital expenditures $50,000 $55,000 Development capital expenditures $15,000 $20,000 Refer to the [...]
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