Pieridae Energy Ltd.

Pieridae Energy Ltd. issued the following statement from CEO Alfred Sorensen with respect to the Alberta Energy Regulator’s decision to deny the application to transfer licences for Shell’s Foothills Assets to Pieridae: “We are disappointed by the AER’s decision regarding the transfer of licences for the Foothills Assets. The decision has nothing to do with Pieridae’s financial position nor its ability to clean up certain [...]

Pieridae Energy Ltd. today announced it has negotiated extensions of the key deadlines under its 20-year agreement with German energy company Uniper Global Commodities . These include expected commercial deliveries of gas to Uniper to start between August 31st, 2025 and February 28th, 2026; and the extension to June 30, 2021 of the deadline to make a positive final investment decision for the Company’s proposed Goldboro [...]

Revenue, Net Operating Income & Production All Up Substantially Key Highlights: Total revenue of $114.4 million in 2019. Petroleum and natural gas revenue increased $102.5 million year over year, or 4347%, to $104.9 million in 2019 Net Operating Income1 increased year over year from a loss of $0.5 million in 2018 to income of $24.9 million in 2019, $24.4 million of which was earned in Q4 2019 Adjusted Funds Flow From [...]

Pieridae Energy Ltd. will release its fourth-quarter and year-end 2019 results on Thursday, April 16, 2020 prior to markets opening. Chief Executive Officer Alfred Sorensen, Chief Financial Officer Rob Dargewitcz and other members of the Pieridae leadership team will discuss the financial results and Company developments at 9:30 a.m. / 11:30 a.m. . Members of the investment community, shareholders and other interested [...]

Pieridae Energy Ltd. announced today that in accordance with its Directors’ Compensation Policy, 80,697 common shares of Pieridae Energy Ltd. were issued to certain of its Directors on February 5, 2020 at a price of $0.79 per share. The transaction is subject to Exchange approval. About Pieridae Founded in 2011, Pieridae, a majority Canadian owned corporation based in Calgary, is focused on the development of [...]

Pieridae Energy Ltd. announced today that in accordance with its Directors’ Compensation Policy, 101,590 common shares of Pieridae Energy Ltd. were issued to certain of its Directors on December 20, 2019, at a price of $0.87 per share. The transaction is subject to Exchange approval. About Pieridae Founded in 2011, Pieridae, a majority Canadian owned corporation based in Calgary, is focused on the development of [...]

Highlights: Net operating income 1 growth to $80-$110 million with recent acquisition synergies Production in 2020 of 40,000-50,000 boe/d, a 230% to 290% increase over Q3 exit production $10.50-11.50/boe operating costs2 $32 million pre-final investment decision capital budget, $16 million Goldboro LNG development expense budget Commodities hedging of 55-65% on a boe/d basis CALGARY, Alberta, Dec. 12, 2019 -- [...]

Pieridae Energy Ltd. is pleased to announce the appointment of Mr. Rob Dargewitcz as Chief Financial Officer of the Company. Mr. Dargewitcz began his new role on November 11, 2019. "We are excited to officially welcome Rob to our leadership team as our new CFO," said Pieridae CEO Alfred Sorensen. "He did a stellar job in helping to secure the financing needed to close the transformational Shell asset acquisition. After [...]

Key Development: Transformational Change Following Close of Shell Alberta Foothills Assets Acquisition Highlights: Completed the transformational Shell asset acquisition which is immediately accretive to the Company Shell assets give Pieridae majority of the gas resource to supply Train 1 at Goldboro LNG facility Third quarter production averaged 14,657 barrels of oil equivalent per day , resulting in $12.7 million in [...]

Pieridae Energy Ltd. is pleased to announce the appointment of Mr. Mark Horrox as an additional independent director, effective immediately. Mr. Horrox is a principal at Third Eye Capital . He has 20 years of global experience investing in companies undergoing change or growth. His responsibilities at TEC include advancing the firm's investment activities in the Canadian energy market. Mr. Horrox is the Director of [...]