About usHistory

Canada’s Only Publicly-Traded Integrated LNG enterprise

In October 2017, Pétrolia Inc. and Pieridae Energy Limited successfully merged under the name ''Pieridae'' to create Canada’s first publicly traded truly integrated LNG enterprise.

This arrangement has enabled Pieridae to access the North American equity markets as a fully integrated LNG enterprise, from upstream production of natural gas to the conversion and sale of liquefied natural gas.

Pieridea’s Goldboro LNG project (the “Goldboro LNG Facility”), combines the resource potential held by Pétrolia, constitutes an opportunity for investors to participate in the evolution and growth of Canada’s only integrated LNG facility holding key permits and approvals for its current stage of development.

Pieridae's Principals: Canada’s LNG Pioneers

The key principals of Pieridae are the founders of Galveston LNG, the company that initiated the Kitimat LNG project in British Columbia, the first new liquefaction facility permitted in North America in 40 years and which is now owned by Chevron and Woodside Petroleum.

Following the sale of Galveston LNG, Pieridae was incorporated under the Canada Business Corporations Act on May 29, 2012, to develop and construct the Goldboro LNG Facility, of which it owns 99%.

 

 

Pieridae’s LNG Reserves Portfolio Strategy

In addition, Pieridae is establishing a fully integrated LNG business by acquiring resource properties that will supply natural gas to the Goldboro LNG Facility.

On March 4, 2013, Pieridae acquired a minority interest in Pieridae Production Limited Partnership and a 50% interest in Pieridae Production GP Ltd. in order to develop natural gas resources in New Brunswick.

On December 3, 2015, Pieridae completed the purchase of approximately 107.5 hectares (265.5 acres) of land located in the Goldboro Industrial Park in Goldboro, Nova Scotia from the Municipality of the District of Guysborough for consideration of $3,200,000. Thisproperty is the future sige of the proposed Goldboro LNG Facility.

Merger with Pétrolia Inc., one of Québec’s Oil and natural Gas Exploration and Development Companies

Founded in 2003, Pétrolia Inc. is one of Québec’s principal oil and natural gas exploration and development companies.

At the time of the merger, Pétrolia Inc. held interests in oil and gas licences that covered 16,000 km² (4 million acres) or 23% of the Québec territory under lease.

These rights represent almost 70% of the Québec oil potential.

Pétrolia Inc.'s assets, management and employees were merged with those of Pieridae in October 2017.