Pieridae Energy Ltd.

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 [...]

Pieridae Energy Ltd. announces the release of its third quarter 2022 financial and operating results, highlighted by year-over-year improvement in financial metrics such as Revenue, Net Operating Income and Adjusted Funds Flow and continued debt reduction. A full version of Pieridae's management's discussion and analysis and unaudited interim condensed consolidated financial statements and notes thereto for the fiscal [...]

Pieridae Energy Ltd. will release its financial and operating results for the quarter ended 30 September 2022 on Thursday, November 10, 2022 prior to markets opening. Chief Executive Officer Alfred Sorensen, President & Chief Operating Officer Darcy Reding and Chief Financial Officer Adam Gray will discuss the quarterly results and company developments on an investor conference call and webcast on Thursday, November 10 [...]

Pieridae Energy Ltd. is pleased to release its 2022 Environmental, Social and Governance Report, detailing the Company's ESG performance for the year ended December 31, 2021 and progress in the past year. Pieridae strives for excellence in all aspects of its ESG performance and is committed to the safe and responsible production and delivery of reliable natural gas and natural gas liquids. The Company's ESG vision is to [...]

Pieridae Energy Ltd. will release its first quarter 2022 results on Thursday, May 12, 2022 prior to markets opening. Chief Executive Officer Alfred Sorensen, President and Chief Operating Officer Darcy Reding and Chief Financial Officer Adam Gray will discuss the financial results, Company developments and forward-looking strategy at 8:30 a.m. /10:30 a.m. . Members of the investment community, shareholders and other [...]

Upstream Focused Company with a Viable LNG Option New President & COO and CFO Promotions Announced Key Highlights: Generated $57.7 million Adjusted Funds Flow from Operations1 in 2021 an increase of 115% year over year from $26.9 million in 2020 to $57.7 million Generated $84.1 million Net Operating Income1 in 2021, an increase of 66% year over year, from $50.7 million in 2020 Increased petroleum and natural gas revenue [...]

Pieridae Energy Ltd. will release its fourth quarter and year-end 2021 results on Thursday, March 24, 2022 prior to markets opening. Chief Executive Officer Alfred Sorensen, Chief Operating Officer Darcy Reding and Interim Chief Financial Officer Adam Gray will discuss the financial results, Company developments and forward-looking strategy at 8:30 a.m. /10:30 a.m. . Members of the investment community, shareholders and [...]

Pieridae Energy Ltd. today announced it has concluded the strategic review process announced in July 2021. The goal of the process was to identify, examine and consider a range of strategic alternatives with a view to enhancing shareholder value. Those strategic alternatives could have included a corporate sale, merger, a sale of a material portion of Pieridae's assets or other transactions. At that time, Pieridae's Board [...]

Pieridae Energy Ltd. today announced it has reached an agreement with its senior secured lender Third Eye Capital Corporation to extend payment of the $50 million term loan deferred fee and to amend certain other terms and covenants of the Credit Agreement first signed with TEC in October of 2019, related to the purchase of Shell's Foothills assets. Under the updated terms of the Credit Agreement, the $50 million deferred [...]

Petroleum & Natural Gas Revenue Improves by 59% Year-Over-Year Company Strategic Review Progresses Key Highlights: Natural gas production of 191 mmcf/day in the quarter Total production of 38,595 boe/day Petroleum and natural gas revenue of $77.1 million, an increase of $28.7 million or 59% compared to the same quarter in 2020 Cash flow from operations of $6.9 million Net Operating Income1 of $17.9 million and Adjusted [...]