From Discovery to Delivery: A Fully Integrated LNG Infrastructure Company

Founded in 2011, Pieridae Energy is developing a fully integrated LNG infrastructure business covering the entire LNG value chain, from exploration and production of natural gas to the development and operation of an LNG export terminal - Goldboro LNG - opening up world markets for Canadian natural gas.

Pieridae is Canada’s only independent, fully-integrated LNG company looking to build the US$10 billion Goldboro LNG project to supply much needed natural gas to the globe

Goldboro is construction ready

We own low-cost reserves to supply the facility

We will leverage a low cost of capital to build the LNG terminal and gas production base

Pieridae has strong access to international markets

We appreciate our continued community, labour and First Nations support

Read more about the company

Pieridae:
Doing Business The Right Way

Pieridae conducts its every operation in a socially, environmentally and fiscally responsible manner.

The company and its employees are committed to giving back to the communities in which it lives and work.

It also committed to adopting and implementing environmental stewardship strategies that minimize its ecological footprint, thus ensuring the best possible future for all Canadians.

Pieridae’s every action are guided by a fair and strict code of business ethics focusing on honesty, ethics and accountability in all our dealing with our business partners, investors, government entities and the general public.

Read more about our commitments

Latest Press Releases

  • 2019/12/12 – PIERIDAE UPDATES 2020 GUIDANCE

    Projected 10 Times Increase in Net Operating Income

    Highlights:

    • Net operating income (“NOI”)[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 costs[2]
    • $32 million pre-final investment decision (“FID”) capital budget, $16 million Goldboro LNG development expense budget
    • Commodities hedging of 55-65% on a boe/d basis

    CALGARY, ALBERTA – December 12, 2019 - Pieridae Energy Limited (“Pieridae” or the “Company”) (PEA - TSXV) released updated corporate guidance for 2020 today which focuses on increasing NOI due to, among other things, operating efficiencies; increasing production with the recent, previously disclosed acquisition of key Alberta Foothills assets; lower per barrel operating costs; a higher capital budget; and a development expense budget for Goldboro LNG as we move toward FID for the project.

    [1] NOI is a non-IFRS measure. It does not have any standardized meaning under IFRS and therefore may not be comparable to similar measures presented by other issuers. See page 20 in the Company’s Q3 2019 MD&A
    [2] Does not include transportation costs of ~$0.75/boe

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  • 2019/11/12 – PIERIDAE APPOINTS NEW CHIEF FINANCIAL OFFICER

    New CFO Well-Positioned to Take Company to the Next Level

    CALGARY, ALBERTA – November 12, 2019 - Pieridae Energy Limited (“Pieridae” or the “Company”) (TSXV: PEA) is pleased to announce the appointment of Mr. Rob Dargewitcz as Chief Financial Officer (“CFO”) 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 helping to raise $10 billion to construct the North West Redwater refinery, Rob’s skill set is well positioned to bring in the larger financing needed to build Pieridae’s Goldboro LNG Project.”

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  • 2019/11/06 – PIERIDAE ANNOUNCES THIRD QUARTER RESULTS

    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 (or facility) at Goldboro LNG facility
    • Third quarter production averaged 14,657 barrels of oil equivalent per day (“Boe/d”), resulting in $12.7 million in revenues, three per cent higher than Q2 2019
    • Natural gas physical hedging resulted in a 41 per cent premium price to AECO
    • Upstream year-to-date net operating income (“NOI”)[1] is positive despite two successive quarters of a low-priced environment

    CALGARY, ALBERTA – November 6, 2019 - Pieridae Energy Limited (“Pieridae” or the “Company”) (PEA - TSXV) has filed its third quarter (“Q3”) unaudited condensed interim financial statements and related management’s discussion and analysis (“MD&A”) for the three and nine month periods ending September 30, 2019. Pieridae's unaudited condensed interim financial statements and MD&A are available on our website at www.pieridaeenergy.com and are filed on SEDAR at www.sedar.com.

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