Pieridae Energy Ltd.

Pieridae Energy Ltd. today released the following statement from Chief Executive Officer Alfred Sorensen with respect to a future path for the Company's Goldboro LNG Project: 'While Pieridae has made tremendous progress in advancing the Goldboro LNG Project, as of June 30, 2021, we have not been able to meet all of the key conditions necessary to make a final investment decision. Following consultation with our Board, we [...]

Pieridae Energy Ltd. is pleased to release its inaugural ESG Report. This announcement is the culmination of more than 14 months of effort to develop an ESG framework and strategy before producing and finalizing our inaugural report. We have defined the top material ESG risks and opportunities to be prioritized over the coming months, and have made a number of commitments the Company will focus on delivering. Our [...]

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 and Special Meeting of Shareholders of Pieridae held on May 27, 2021 in a virtual-only format. Each of the matters acted upon at the Meeting is [...]

Large-scale carbon capture and sequestration , and blue power production at Pieridae's Caroline, Alberta facility Advances Pieridae's long term ESG strategy and supports the company's commitment of net-zero emissions by 2050 for its Goldboro LNG Project Sequesters up to 100 million tonnes of CO2 over three-plus decades Removes equivalent emissions of more than 650,000 cars each year1 Produces 1.9 billion kilowatt-hours of [...]

Key Highlights: Natural gas production of 215 mmcf/day in Q1 2021, the highest quarterly production in our Company's history Production of 43,997 boe/day, an increase of 7% compared to the same quarter in 2020 Petroleum and natural gas revenue was $81.9 million, an increase of $17.1 million or 26% compared to the same quarter in 2020 Cash flow from operations of $11.0 million Net Operating Income1 of $20.9 million [...]

Pieridae Energy Ltd. will release its Q1 2021 results on Thursday, May 13, 2021 prior to markets opening. Chief Executive Officer Alfred Sorensen, Chief Financial Officer Rob Dargewitcz and Chief Operating Officer Darcy Reding will discuss financial results and Company developments at 8:30 a.m. /10:30 a.m. . Members of the investment community, shareholders and other interested parties are invited to participate by [...]

Pieridae Energy Ltd. announced today it has granted 5,000,000 common share purchase warrants to Erikson National Energy Inc. . Each Warrant shall be exercisable to purchase one fully paid and non-assessable common share in the capital of Pieridae at an exercise price equal to CAD$0.70 per common share. The expiration date of the Warrants is March 31, 2026. As part of the Credit Agreement Pieridae entered into with Third [...]

Pieridae Energy Ltd. announced today it has hired a new Chief Operating Officer . Darcy Reding will join the Pieridae team April 5th. Mr. Reding is a professional engineer with 30 years of success in small and mid-sized private and public upstream oil and gas companies, with 20 years in leadership roles. "We are extremely pleased that Darcy has agreed to join our organization," said Pieridae CEO Alfred Sorensen. "It is [...]

Key Highlights: Production increased year over year from 22,397 barrels of oil equivalent per day in 2019 to 42,000 boe/d in 2020, an increase of 88% The Company managed to replace almost half of its production in 2020 while spending minimal capital The proved developed producing base decline rate of the corporation is now at ~ 10% , one of the lowest in the industry This decline rate will provide a very reliable base [...]

Pieridae Energy Ltd. will release its fourth-quarter and year-end 2020 results on Thursday, March 25, 2021 prior to markets opening. Chief Executive Officer Alfred Sorensen and Chief Financial Officer Rob Dargewitcz will discuss the financial results and Company developments at 8:30 a.m. /10:30 a.m. . Members of the investment community, shareholders and other interested parties are invited to participate by calling [...]