If this is David and Goliath, at the very least David has some pretty big rocks in his sling.
Nice word play on our TSX-V stock ticker (PEA) and a great piece of writing overall from the team at the Oil & Gas Investment Bulletin and editor Keith Schaefer.
Give the attached story a read as it details our flagship project: the US$10 billion Goldboro LNG initiative - opening up global markets for Canadian natural gas and creating and supporting thousands of jobs in Alberta, Nova Scotia and beyond.
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Pieridae Energy had the privilege to close the Toronto Stock Exchange today during Stampede week in Calgary.
“As former Alberta Premier and Calgary Mayor Ralph Klein said the Stampede symbolizes the province’s spirit,” Pieridae CEO Alfred Sorensen points out. “So it was special for us to share that spirit through the Toronto Stock Exchange and feature a company that is working to lay the groundwork for its own legacy.”
Link to YouTube video of Pieridae closing the markets
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The Financial Post's Geoff Morgan wrote an article following the Alberta Government's announcement that it was providing much needed and appreciated municipal tax relief to struggling upstream natural gas producers.
Pieridae Energy was contacted to comment on the Government's announcement, and also asked if anything more needs to be done to help the industry and stem the flow of bankruptcies.
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Since the deal to acquire Shell Canada's assets was announced June 26, media interest in the acquisition has been high. Headlines of the coverage include:
- Alfred Sorensen Finds Goldboro LNG Believers - AllNovaScotia.com
- Pieridae to Purchase Shell Canada’s Foothills-Area Production and Assets - Daily Oil Bulletin
- Pieridae Energy to buy Shell’s southern Alberta assets for $190-million as part of plan to build LNG plant in Nova Scotia - Globe & Mail
- Pieridae to buy Shell Canada gas assets for C$190 million - Reuters
- Pieridae Energy buying Shell Alberta natural gas assets to feed LNG plant - The Canadian Press
- Pieridae Energy plans to bring bounty of Alberta gas fields to Guysborough County for export - Halifax Chronicle-Herald
- Two LNG projects inch closer to final investment decision after key deals - The Financial Post
- Something B.C.'s Horgan and Alberta's Kenney can agree on — LNG - Calgary Herald
- Acquisition helps push Pieridae Energy toward FID on Goldboro LNG project - S&P Global Platts
- Shell deal gives Pieridae enough gas to start Goldboro LNG - Guysborough Journal
Click on the link below to read all of the coverage.
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Our CEO spoke with BNN's Andy Bell about Pieridae's acquisition of Shell Canada's Foothills assets. Alfred Sorensens told Bell the deal secures the remaining natural gas needed to supply the first facility or train for its Goldboro LNG export facility on Canada's East Coast. And, the acquisition moves Pieridae one step closer to making a final investment decision for the US$10 billion project, one that would create thousands of Canadian jobs and supply Europe and other global markets with clean-burning natural gas.
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Daily Oil Bulletin Jim Bentein – June 12, 2019
Developers of LNG projects in Canada, and the head of an LNG industry group, spoke optimistically on Tuesday about future LNG development, given the demand outlook. Pieridae CEO Alfred Sorensen is featured in the article and talked about how the company's Goldboro LNG Project will be a key player in supplying the global need for LNG.
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Pieridae's CEO Alfred Sorensen was featured on Danielle Smith's QR77 live radio show this morning where he talked about the prospects for LNG development in Canada, with a focus on Pieridae's US$10 billion Goldboro LNG Project. Goldboro is Canada's best bet for LNG development off the East Coast, where stranded Alberta gas would be shipped to an export facility in Nova Scotia, liquefied and sold to global markets, creating thousands of jobs in Alberta and Nova Scotia.
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Our President and CEO Alfred Sorensen had the opportunity to engage with long-time business reporter Mario Toneguzzi of Calgary Business to talk about Pieridae Energy, its key Goldboro LNG project, and how development of the LNG export facility continues to move forward.
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By Jim Bentein Daily Oil Bulletin Friday, May 17, 2019, 7:56 AM MDT
Alberta natural gas producers should be hoping for a go-ahead for the Goldboro LNG export plant proposed for a site in Nova Scotia, says an executive with the company building it, since it would create a demand for their gas.
Martin Belanger, senior vice-president of project developer Pieridae Energy Limited, said although the company will control its own gas production, it will need other supplies.
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CALGARY – While much of the Canadian oilpatch is waiting for a decision on an LNG project on the West Coast, Pieridae Energy Ltd. is on track to green light its $10-billion Goldboro LNG project in Nova Scotia as soon as next month.
“The next couple of weeks will be critical for the project,” Pieridae CEO Alfred Sorensen told the Financial Post, adding that he’s expecting a construction permit from Nova Scotia’s government and finalized agreements with contractors by the end of August.
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“Based on public disclosure from industry participants, we expect two Canadian liquefaction facilities - LNG Canada and Goldboro - to move past the FID stage in 2018. (...) The expected cost of the Goldboro facility is US$10.8B, with gas expected to be delivered via existing pipelines already in place that are under-utilized. A key advantage of the project is its location, which offers shorter shipping distances to Europe compared to projects in Qatar or the Gulf Coast.” Click here for full report.
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Pieridae Energy CEO Alfred Sorensen wants to build an LNG export facility in Nova Scotia that would cost more than US$7B. He may beat British Columbia to the punch. Click here to watch the interview.
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The name Pieridae Energy Ltd. may sound familiar to quite a few Nova Scotians, although they may not remember exactly where they’ve heard it before.
Pieridae Energy is one of three companies that have plans to develop a liquefied natural gas export facility at the Strait of Canso. More specifically, Pieridae wants to build its operation in Goldboro, Guysborough County, and now Pieridae is in the news again.
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For a ray of hope on the liquified natural gas file, it might be best to look east rather than west.
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Pieridae Energy Ltd, the company behind a proposed liquefied natural gas terminal on Canada's east coast, is looking to buy producing assets in western Canada or in the Marcellus shale play in the United States, its chief executive said on Monday.
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In a bid to raise billions of dollars on the equity markets for its Goldboro liquefied natural gas project, Pieridae Energy Ltd. is taking over a publicly-traded junior oil and gas exploration company. Read more
