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Pieridae Releases Q1 2021 Results Company Achieves Highest-Ever Quarterly Natural Gas Production

DISSEMINATION IN UNITED STATES 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 Income 1 (“AFFO”) of $14.9 million increased 7% compared to the same ...
Black Diamond Nova Scotia United States Sable Island Alfred Sorensen James Millar

Pieridae COO Departs Company

DISSEMINATION IN UNITED STATES CALGARY, Alberta, Jan. 08, 2021 (GLOBE NEWSWIRE) -- Pieridae Energy Limited (“Pieridae” or the “Company”) (PEA.TO) today announced Chief Operating Officer (“COO”) Tim de Freitas has left the Company effective immediately to pursue other endeavours. “On behalf of Pieridae Energy Limited, I would like to thank Tim for his past contributions, particularly during the purchase of the Shell assets in the fall of 2019, and we wish him well in the future...
Nova Scotia United States Alfred Sorensen James Millar Rob Dargewitcz Pieridae Energy

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