pieridae energy news

But the former executive director of the International Energy Agency believes Canada has an opportunity to get more projects launched, providing LNG to the world and helping displace coal and other higher-emitting sources of greenhouse gases. CALGARY, ALBERTA – May 28, 2020 - Pieridae Energy Limited (“Pieridae” or the “Company”) (PEA - TSXV) released its Q1 2020 results today, highlighted by the fact the Company recorded a second straight quarter with strong metrics in revenue, NOI, AFFO and daily production. These stock options will expire on July 3, 2024. See pages 20 and 21 in the Company’s Q2 2020 MD&A. CALGARY, ALBERTA – June 26, 2019 - Pieridae Energy Limited (“Pieridae” or the “Company”) (TSXV: PEA) is pleased to announce that it has signed a purchase and sale agreement (the “Purchase Agreement”) with Shell Canada Energy (“Shell”) to purchase all of Shell’s midstream and upstream assets in the southern Alberta Foothills (the “Assets”) for a purchase price of CAD$190 million, subject to normal adjustments (the “Acquisition”). 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. CALGARY, ALBERTA – July 29, 2020 - Pieridae Energy Limited (Pieridae or the Company) (TSX: PEA.TO) is pleased to announce it has received approval from Export Development Canada (“EDC”) for a CAD$6 million guarantee facility as part of EDC’s Account Performance Security Guarantee (“APSG”) program. Mr. Mukherjee has worldwide expertise in front-end engineering and design; detailed engineering, procurement, contracts, construction, and commissioning (“EPCC”); including module fabrication and construction related to mega LNG projects and oil and gas in North America and overseas. Read more. See pages 21&22 in the Company’s Q3 2020 MD&A [2] Assumes an FID of June 30, 2021. Pieridae issued its Q4 2019 earnings and year-end financial results April 16, 2020 and we had quite a good story to tell. The company continued to show solid results during the ongoing pandemic including increased revenue, increased net operating income and an increase in average production. “There is a huge window of opportunity, particularly when it comes to switching from coal to natural gas for power production,” said Maria van der Hoeven, a Dutch energy policy expert and former executive director of the Paris-based International Energy Agency (IEA). The Company also successfully completed numerous maintenance projects including the $3.7 million partial turnaround of our Jumping Pound Gas Complex, all previously delayed due to COVID-19 and other factors. “I have every confidence Andy will lead Goldboro LNG through the open book estimate and deliver a lump sum turnkey EPCC contract for the Project to prepare us for a positive final investment decision next year,” concluded Sorensen. Pieridae Energy Canada is a Canadian integrated liquid natural gas company, with a strategy to build a long-term, low cost integrated energy business selling … CALGARY, ALBERTA – May 27, 2020 - Pieridae Energy Limited (“Pieridae” or the “Company”) (PEA - TSXV) today announced the re-election of Mr. Myron A. Tétreault, Mr. Alfred Sorensen, Mr. Charles Boulanger, Mr. Andrew Judson, Mr. Kjell Pedersen, Mr. Charle Gamba and Mr. Mark Horrox as its directors for the forthcoming year, and the election of Ms. Kiren Singh as a new independent director. 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Startseite. — Pieridae Energy may be first big LNG exporter, Goldboro LNG developer Pieridae goes public, East Coast LNG moving faster than West Coast, Pieridae seeking natural gas acquisitions: CEO, Pieridae Energy ​merges with junior exploration company, Pieridae, Uniper Extend Key Deadlines in LNG Agreement, Pieridae and Uniper extend key Goldboro LNG deadlines, Pieridae Energy and Uniper extend Goldboro LNG deadlines, Pieridae Gets Extensions on Gas Deliveries, Goldboro LNG, Pieridae, Uniper extend deadlines on Goldboro LNG project, COVID-19 Delays FID on Pieridae’s LNG Project Beyond September, Nova Scotia LNG project decision delayed due to market conditions, COVID-19, Pieridae delays Nova Scotia LNG export plant decision due to coronavirus, Nova Scotia’s Goldboro LNG Delayed on Covid-19 Fallout, Government Infrastructure Funding Eyed by Pieridae For Goldboro LNG Project, Pieridae to delay Nova Scotia LNG export plant decision, Pieridae to spend $16MM on proposed Nova Scotia LNG project in 2020, FID for Goldboro LNG in Nova Scotia Possible in 2020, Says Exec, Pieridae announces 2020 budget for Goldboro. [1] NOI and AFFO are non-IFRS measures. Branche nach Marktkapitalisierung. HALIFAX, NS, December 17, 2015 – Pieridae Energy (Canada) Ltd. (Pieridae) continues to meet major milestones with their proposed Goldboro LNG processing facility, including the purchase of the project site and a new partnership and appointee to the board. Liquefied natural gas projects planned for eastern Canada represent a significant opportunity for Alberta’s gas producers to reach tidewater and access markets in western Europe. These stock options will expire on July 3, 2024. Free real-time prices, trades, and chat. 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. Currency in CAD, [1] NOI, AFFO and adjusted operating expenses are non-IFRS measures. Read more, Sputnik International 15:11 November 25, 2019, Canada's Super-Chilled Fuel as Germany's Source of Energy. On November 12 we announced Rob Dargewitcz as Pieridae's new CFO. CALGARY, ALBERTA — August 28, 2018—Pieridae Energy Limited (PEA-TSXV) is pleased to announce that it has filed its second quarter unaudited condensed interim financial statements and related management’s discussion and analysis (“MD&A”) for the three and six months periods ended June 30, 2018. Expanding access to Canada’s vast fossil fuel resources will significantly lower global greenhouse gas emissions, according to a growing body of evidence showing that Canadian natural gas can play a key role in addressing climate change while meeting the world’s growing demand for affordable and reliable energy. 22, 2020 6:55 PM ET Seeking Alpha Carl Surran, SA News Editor KBR to Exit Most LNG, Energy Projects Bertie Melinda Taylor Rigzone Staff Wednesday, June 24, 2020 KBR Will Exit Fixed-Price Energy Construction, CEO Confirms June 18, 2020 Debra K. Rubin Engineering News-Record Read more. Pieridae released updated corporate guidance for 2020 on December 12, 2019 which focuses on increasing net operating income 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. Calgary, Alberta: March 6, 2019 – Pieridae Energy Limited (“Pieridae”) (TSXV: PEA) is pleased to announce that it has issued 320,000 common shares at a price of $2.00 per share (the “Over-Allotment Offering”), for incremental gross proceeds of $640,000, pursuant to the partial exercise of an over-allotment option (the “Over-Allotment Option”) granted by the Company to a syndicate of investment dealers co-led by KES 7 Capital Inc., National Bank Financial Inc. and Laurentian Bank Securities Inc. (collectively, the “Agents”) in connection with the Company’s previously announced brokered private placement of common shares of the Company (the “Brokered Offering”). It seems that two liquified natural gas (LNG) projects targeted for the Strait area have travelled different directions. Most relevant news about PIERIDAE ENERGY LIMITED: 10/01: PIERIDAE ENERGY: Engages epcc contractor bechtel: AQ. 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. Read more. Öl und Gas-Branche. That’s good news for struggling producers in Alberta and British Columbia, as increased demand for gas from Western Canada would lead to improved pricing. Read more. “Once again, our strong operational performance and positive hedging strategy helped insulate us from the current harsh realities, as realized natural gas prices were 15% higher than the benchmark price for the quarter.” [1] NOI and AFFO are non-IFRS measures. The company continued to show solid results during the ongoing pandemic including increased revenue, increased net operating income and an increase in average production. Pieridae intends to use the proceeds of the Private Placement to refinance certain amounts at closing of the arrangement with Ikkuma Resources Corp. (the “Arrangement”), to pay for transaction expenses associated with the Arrangement and for general corporate purposes, including development expenses. Chief Executive Officer Alfred Sorensen, Chief Financial Officer Rob Dargewitcz and other members of the Pieridae leadership team will discuss the financial results and Company developments at 8 a.m. (MST) / 10 a.m. (EST). Both companies are moving swiftly to evaluate options on the transfer applications and will continue to attempt to seek clarity from the regulator to define an appropriate path forward." 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. CALGARY, ALBERTA – November 3, 2020 - Pieridae Energy Limited (“Pieridae” or the “Company”) (PEA.TO) will release its third-quarter 2020 results on Friday, November 13, 2020 prior to markets opening. 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. Pieridae has also closed on the issuance of 711,967 subscription receipts, at a price of $0.86, on a non-brokered basis, for gross proceeds of approximately $612,291.62. Mr. Read more. Petroleum and natural gas revenue increased $102.5 million year over year, or 4347%, to $104.9 million in 2019, Net Operating Income[1] (“NOI”) increased year over year from a loss of $0.5 million in 2018 to income of $24.9 million in 2019, $24.4 million of which was earned in Q4 2019, Adjusted Funds Flow From Operations1 (“AFFO”) increased from a loss of $4.0 million in Q4 2018 to income of $14.4 million in Q4 2019, Production increased 241% from 17,509 barrels of oil equivalent per day (“boe/d”) in Q4 2018 to 42,137 boe/d in Q4 2019, A dramatic year over year improvement in working capital, from a deficit of $76.0 million in 2018 to a surplus of $19.1 million in 2019, Proven Developed Producing (“PDP”) reserve bookings increased by 158% due to the Shell Foothills assets acquisition, Total Proved plus Probable (“TPP”) bookings increased by 123%, while the corporation maintained a very conservative booking of 62% PDP reserves out of total proved plus probable reserves, PDP value more than doubled to $593 million, versus $245 million, Corporate 2020 forecasted decline in the PDP reserve category is approximately 9%, annually, which is remarkably low amongst our peer group of companies, 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, $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, 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, Acquisition immediately accretive to the Company, Acquired majority of the gas needed to supply Train 1 at Goldboro LNG facility, Further progress made toward Goldboro LNG final investment decision, Pieridae remains committed to working respectfully with area communities and Treaty 7 Nations. Following an article from Kallanish Energy which referenced ‘There has been a number of LNG projects recently put on the shelf, including Tellurian’s Driftwood project and Pieridae Energy’s Goldboro project.’, we reached out to the publication to express concerns over the statement. Calgary, Alberta: March 6, 2019 – Pieridae Energy Limited (“Pieridae”) (TSXV: PEA) is pleased to announce that it has issued 320,000 common shares at a price of $2.00 per share (the “Over-Allotment Offering”), for incremental gross proceeds of $640,000, pursuant to the partial exercise of an over-allotment option (the “Over-Allotment Option”) granted by the Company to a syndicate of investment dealers co-led by KES 7 Capital Inc., National Bank Financial Inc. and Laurentian Bank Securities Inc. (collectively, the “Agents”) in connection with the Company’s previously announced brokered private placement of common shares of the Company (the “Brokered Offering”). ", Alfred Sorensen Pieridae Energy Chief Executive Officer. If this is David and Goliath, at the very least David has some pretty big rocks in his sling. Pieridae intends to raise up to US $10 billion in equity and project financing to fulfill its mandate to become the first independently operated integrated LNG project in North America. “As part of the resolution, Pieridae acquires the right to transition all of KBR’s work product created to date to a replacement EPCC contractor. CALGARY, Alberta , Aug. 12, 2020 (GLOBE NEWSWIRE) — Pieridae Energy Limited (“Pieridae” or the “Company”) ... EnergyNow is an online energy news and data media service dedicated to providing essential up to-date information on the Canadian oil & gas industry. Read more. “Once again, our strong operational performance and positive hedging strategy helped insulate us from the current harsh realities, as realized natural gas prices were 15% higher than the benchmark price for the quarter.”. Pieridae has issued 14,970,070 subscription receipts of the Company at a price of $0.86 per subscription receipt for gross proceeds of $12,874,260.20. Read more. They do not have any standardized meaning under IFRS and therefore may not be comparable to similar measures presented by other issuers. Completion of the Arrangement is subject to, among other things, the approval of the Exchange and shareholder approval from Pétrolia and Pieridae shareholders. CALGARY, ALBERTA – December 7, 2020 - Pieridae Energy Limited (“Pieridae” or the “Company”) (PEA.TO) today released its corporate guidance for 2021 which focuses on continued improvement of key metrics including NOI, AFFO and production, an increased upstream capital budget and pre- and post-final investment decision (“FID”) budget allocations for our Goldboro LNG Project as we continue our commitment of the initiative. CALGARY, ALBERTA – May 29, 2019 - Pieridae Energy Limited (“Pieridae” or the “Company”) (PEA - TSXV) has filed its first quarter (“Q1”) unaudited condensed interim financial statements and related management’s discussion and analysis (“MD&A”) for the first three months of 2019. Pieridae Energy Ltd. stock and Oil & Gas Integrated market discussion, news, and analysis from Canada's largest community of active investors Petroleum and natural gas revenue increased $102.5 million year over year, or 4347%, to $104.9 million in 2019. Media coverage was positive and factual: New EPCC contractor to replace KBR on Pieridae Goldboro LNG Project Daily Oil Bulletin Elsie Ross Wednesday, August 12, 2020, 11:49 AM MDT Canada’s Pieridae settles with KBR on Goldboro work [update] Natural Gas World Dale Lunan August 12, 2020 Pieridae Has Prospects for New Engineer allNovaScotia.com August 13, 2020 Dan Walsh Read more. Read more. “As part of the resolution, Pieridae acquires the right to transition all of KBR’s work product created to date to a replacement EPCC contractor. The price has been set at $ 5.67 per share, and the expiry date for these options is January 28, 2023. Members of the investment community, shareholders and other interested parties are invited to participate by calling toll-free: 1-888-231-8191, Calgary 403-451-9838, or Toronto: 647-427-7450. Toronto - Toronto Real Time Price. The agreement must go to the Labour Board for final approval. The resulting article from that conversation is below: Pieridae Energy readies to seize opportunity in global LNG market Kallanish Energy June 12, 2020 Read more. Production increased 241% from 17,509 boe/d in the fourth quarter of last year 2018, to 42,137 boe/d in Q4 2019. 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 clanging of iron, the blast of the Wheelabrator, the general din of steel being punched, sheared and burned into enormous structural components — some weighing as much as 300 tonnes — all signify the plant is operating at its peak. We are in the midst of discussions with other firms that have expressed strong interest in concluding a lump sum turnkey EPCC contract for the LNG Facility with Pieridae.” [1] NOI and AFFO are non-IFRS measures. Pieridae Energy Ltd., based in Calgary, says it has hired a new engineering firm to replace one that left its East Coast liquefied natural gas export project in July. Pieridae has issued 14,970,070 subscription receipts of the Company at a price of $0.86 per subscription receipt for gross proceeds of $12,874,260.20. 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. 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. CALGARY, ALBERTA – May 19, 2020 - Pieridae Energy Limited (“Pieridae” or the “Company”) (PEA - TSXV) will release its first-quarter 2020 results on Thursday, May 28, 2020 prior to markets opening. For further information please contact: Alfred Sorensen, Chief Executive Officer Telephone: (403) 261-5900. Read more. News coverage of the announcement was as follows: Pieridae issued its Q4 2019 earnings and year-end financial results April 16, 2020 and we had quite a good story to tell. Pieridae is a reporting issuer or the equivalent in British Columbia, Alberta and Québec. Both companies are moving swiftly to evaluate options on the transfer applications and will continue to attempt to seek clarity from the regulator to define an appropriate path forward." Headlines of the coverage include: Click on the link below to read all of the coverage. See pages 21&22 in the Company’s Q3 2020 MD&A. Having received notice from KBR on their decision to stop negotiations regarding a lump sum turnkey engineerying, procurement, construction and commissioning (EPCC) contract in relation to the project, we continue to look forward. As our CEO Alfred Sorensen said: "We are excited to officially welcome Rob to our leadership team as our new CFO," said Pieridae CEO Alfred Sorensen. “Andy has worked on modular design and execution of four major global LNG projects: Qatargas NFE LNG, Cameron LNG, INPEX-Ichthys LNG and British Gas QCLNG. Calgary, Alberta: February 28, 2019 – Pieridae Energy Limited (“Pieridae”) (TSXV: PEA) is pleased to announce that it has closed its previously announced brokered private placement of common shares of the Company for gross proceeds of approximately $15.2 million (including the partial exercise of the over-allotment option) (the “Brokered Offering”) and partially closed its non-brokered private placement of common shares for additional gross proceeds of approximately $2.7 million (the “Non-Brokered Offering” and, together with the Brokered Offering, the “Offerings”) for aggregate gross proceeds of approximately $17.9 million. These include expected commercial deliveries of gas to Uniper to start between August 31st, 2025 and February 28th, 2026; and the extension to June 30, 2021 of the deadline to make a positive final investment decision (FID) for the Company’s proposed Goldboro LNG facility. Pieridae Energy Limited ('Pieridae' or the 'Company') (PEA.TO) today released its corporate guidance for 2021 which focuses on continued improvement of key metrics including NOI, AFFO and production, an increased upstream capital budget and pre- and post-final investment decision ('FID') budget allocations for our Goldboro LNG Project as we continue our commitment of the initiative. CALGARY, ALBERTA – November 13, 2020 - Pieridae Energy Limited (“Pieridae” or the “Company”) (PEA.TO) released its Q3 2020 results today, highlighted by the fact the Company recorded year-over-year increases in key financial metrics such as revenue, NOI and AFFO in the midst of ongoing market volatility. Read more. Pieridae is pleased to announce that its common shares have been approved for listing on the Toronto Stock Exchange (TSX). First quarter results recieved positive and factual media attention: Shell Assets lift Pieridae Higher in Q1 Natural Gas World May 29, 2020 Pieridae Energy announces 1Q20 results Published by Will Owen, Assistant Editor LNG Industry, Friday, 29 May 2020, 09:15 Shell assets lift Pieridae higher in Q1 Natural Gas World Dale Lunan May 29, 2020, 3:27 p.m. Read more. CALGARY, ALBERTA – October 11, 2019 - Pieridae Energy Limited (“Pieridae” or the “Company”) (TSXV: PEA) is pleased to announce that it has closed the first tranche of its previously announced brokered private placement of Company subscription receipts (the “Offering”). The German federal government has promised billions of dollars in loan guarantees, although liquefied natural gas is particularly controversial in terms of climate policy. 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. CALGARY, ALBERTA – April 24, 2019 - Pieridae Energy Limited (“Pieridae” or the “Corporation”) (PEA - TSXV) released its 2018 financial and operating results today, highlighting the fact it took some key steps forward last year in advancing its Goldboro liquefied natural gas (“LNG”) Project. The Harvard Kennedy School’s Belfer Center for Science and International Affairs Associate Leonardo Maugeri published a discussion paper in December 2014 as part of the Geopolitics of Energy Project, titled Falling Short: A Reality Check for Global LNG Exports. CALGARY, ALBERTA – August 8, 2019 - Pieridae Energy Limited (“Pieridae” or the “Company”) (PEA - TSXV) has filed its second quarter (“Q2”) unaudited condensed interim financial statements and related management’s discussion and analysis (“MD&A”) for the three and six month periods ending June 30, 2019. CALGARY, ALBERTA — October 22, 2018—Pieridae Energy Limited (PEA-TSXV) announces that in accordance with its Directors’ Compensation Policy, 21,960 common shares of Pieridae Energy Limited were granted to its Directors on October 19, 2018, at the price value of $4.18 per share. Pieridae Energy Ltd., based in Calgary, says it has hired a new engineering firm to replace one that left its East Coast liquefied natural gas export project in July. CALGARY, ALBERTA — September 14, 2018 — Pieridae Energy Limited (“Pieridae” or the “Company”) (TSXV: PEA) is pleased to announce the appointment of Ms. Melanie Litoski as Chief Financial Officer (“CFO”) of the Company. Revised as of December 5, 2018 . CALGARY, Alberta , Aug. 12, 2020 (GLOBE NEWSWIRE) — Pieridae Energy Limited (“Pieridae” or the “Company”) (PEA.TO) released its Q2 2020 results today, highlighted by the fact the Company continues to deliver solid results quarter after quarter, achieving strong metrics in overall revenue, NOI, AFFO and daily production. There are a lot of concerns that "fracking" technology based on injecting water and chemicals underground to release natural gas is fraught with dramatic environmental risks. Read more. Read more. Calgary, Alberta: February 20, 2019 – Pieridae Energy Limited (“Pieridae” or the “Company”) (TSXV: PEA) is pleased to announce that it has been advised by the syndicate of investment dealers co-led by KES 7 Capital Inc. and National Bank Financial Inc. and including Laurentian Bank Securities Inc. (collectively, the “Agents”) that the previously announced brokered private placement of up to 7,500,000 common shares at a price of $2.00 per share (the “Offering Price”) for gross proceeds of up to $15.0 million (the “Offering”) was met with strong investor interest and was fully subscribed. It is listed on the TSX Venture Exchange under the symbol PEA. Most relevant news about PIERIDAE ENERGY LIMITED: 10/01: PIERIDAE ENERGY: Engages epcc contractor bechtel: AQ. [1] NOI is a non-IFRS measure. 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. Specifically, for Goldboro LNG, we have allocated $10-$15 million for development expenses. CALGARY, ALBERTA — May 23, 2018—Pieridae Energy Limited (PEA-TSXV) is pleased to announce that it has filed its first quarter unaudited condensed interim financial statements and related management’s discussion and analysis (“MD&A”) for the three months ended March 31, 2018.

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