Pieridae expects to close the equity, debt and Acquisition (as defined below) by the end of September. CHRIS VARCOE, CALGARY HERALD Updated: November 28, 2019 Canada still has only one liquefied natural gas export project under construction, despite more than two dozen separate developments being pitched over the past decade. In addition, Pieridae advanced its flagship Goldboro LNG Project and made adjustments to its business to deal with the impacts of COVID-19. CALGARY, ALBERTA — February 4, 2019 — Pieridae Energy Limited (Pieridae) (TSXV: PEA) is pleased to announce that the Nova Scotia Mi’kmaq Benefits Agreement which it negotiated with the Assembly of Nova Scotia Mi’kmaq Chiefs (the Assembly) has now been ratified. The remainder of the Over-Allotment Option is exercisable until March 28, 2019. “We recently expressed confidence we would sign key deadline extensions with Uniper related to FID for our Goldboro LNG facility and Pieridae is pleased to announce those extensions today. Read more. Alfred had an interview with BNN”s Andy Bell for his Commodities Show. Any redistribution or reproduction of part or all of the contents in any form is prohibited other than the following: You may print or download information to a local hard disk for your personal and non-commercial use only. 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. The company continued to show solid results during the ongoing pandemic including increased revenue, increased net operating income and an increase in average production. They do not have any standardized meaning under IFRS and therefore may not be comparable to similar measures presented by other issuers. Mr. He has 20 years of global experience investing in companies undergoing change or growth. In 2018, the company was issued a permit to construct the facility, received US$1.5 billion in additional conditional loan support from the German Government, closed its purchase of Ikkuma Resources Corp. (“Ikkuma”) to obtain a portion of the supply of natural gas for Goldboro’s first LNG facility (Train 1), and signed a sale and purchase agreement to supply Europe with additional LNG from Goldboro’s second facility (Train 2). Read more. CALGARY, ALBERTA – November 12, 2019 - Pieridae Energy Limited (“Pieridae” or the “Company”) (TSXV: PEA) is pleased to announce the appointment of Mr. Brett Bundale Halifax-Chronicle Herald Oct 10 at 12:40 p.m. People are affected by the decisions surrounding energy in many ways, like billions in cost overruns at the Muskrat Falls hydroelectric project as well as attempts to harness tidal power in Nova Scotia or solar energy in Prince Edward Island. 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. 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. CALGARY, ALBERTA — December 18, 2018 — Pieridae Energy Limited (“Pieridae”) (PEA - TSXV) is pleased to announce that it has completed a non-brokered private placement with The Western and Southern Life Insurance Company (“WSLI”) and Electron Capital LLC (“Electron”), for proceeds of $8.0 million (the “Private Placement”). FOR THE FISCAL YEAR ENDED . More specifically, Pieridae wants to build its operation in Goldboro, Guysborough County, and now Pieridae is in the news again. Pieridae Energy Ltd. stock and Oil & Gas Integrated market discussion, news, and analysis from Canada's largest community of active investors The issue for denial was the fact that there is no precedent for splitting a licence or no ability under the current legislation to do so. 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. Pieridae names new executive to lead Goldboro LNG development Daily Oil Bulletin Wednesday, August 26, 2020, 6 AM MDT, Pieridae hires Mukherjee to lead Goldboro LNG Project Oil & Gas Journal Wednesday, August 26, 2020, Pieridae banks on experience for Goldboro LNG Offshore Energy Adnan Bajic Wednesday, August 26, 2020, Pieridae hires experienced SVP to lead its Goldboro LNG Project LNG Industry Will Owen Thursday, August 27, 2020, Pieridae Hires LNG Vet For Goldboro AllNovaScotia.com August 27, 2020 Dan Walsh, Pieridae hires Muckherjee as SVP LNG Kallanish Energy Friday, August 28, 2020, Pieridae released its Q2 2020 results on August 12, 2020. Pieridae is a reporting issuer or the equivalent in British Columbia, Alberta and Québec. The company continued to show solid results during the ongoing pandemic including increased revenue, increased net operating income and an increase in average production. The completion of the Arrangement will result in a reverse takeover of the Company as defined in the policies of the TSX Venture Exchange (the “Exchange”). 08/06: PIERIDAE … CALGARY, ALBERTA — March 15, 2018 — Pieridae Energy Limited (PEA-TSXV) is pleased to announce that it has filed its audited annual financial statements and related management’s discussion and analysis for the fiscal year ended December 31, 2017 on the System for Electronic Document Analysis and Retrieval (“SEDAR”). Read more, Daily Oil Bulletin Friday, December 6, 2019, 6 AM MST. CALGARY, ALBERTA — November 23, 2017 — Pieridae Energy Limited (PEA-TSXV) (“Pieridae” or the “Company”) is pleased to announce the update of a report prepared by Sproule Associates Limited for its Bourque property. ", Key Financial Metrics Increased Year-Over-Year During Ongoing Market Volatility Highlights: Revenue (net of royalties) of $54.6 million in Q3 2020, an increase of $41.4 million or 315% compared to Q3 2019 Net operating income (“NOI”) increased by $2.1 million or 76% compared to Q3 2019 Adjusted Funds Flow From Operations1 (“AFFO”) increased by $0.9 million or 13% compared to Q3 2019 Q3 2020 average production was 38,209 barrels of oil equivalent per day (“boe/day”), an increase of 23,552 boe/day or 161% compared to Q3 2019 Completed deferred maintenance to ensure the continued, safe and reliable operation of our assets 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. The program provides a 100% guarantee to the issuing bank of certain of the Company’s existing and future letters of credit (“LCs”). Pieridae Energy Limited (PEA.V)'s stock was trading at C$0.27 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Our relationship with Uniper remains strong and we very much appreciate their on-going support,” said Pieridae CEO Alfred Sorensen. Read more. The purchase price for the Acquisition will be satisfied via (i) the payment to Shell of CAD$175 million in cash (net of adjustments), to be raised by Pieridae through the issuance of term debt and equity, as further described below and (ii) the issuance of Pieridae common shares to Shell having an aggregate value of CAD$15 million (such value to be determined proximate to the time of closing of the Acquisition, in accordance with the terms of the Purchase Agreement). In the near future, Pieridae and the CLRA will request that the Labour Board declare the agreement to be a project agreement and declare the project agreement in effect for the Goldboro LNG facility project. 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). Read more, 28,634 BOE/d and Midstream Assets, including Three Deep-Cut Gas Plants. The total gross proceeds from this second tranche of the private placement financing are $1,188,000. It is listed on the TSX Venture Exchange under the symbol PEA. Read more, Daily Oil Bulletin Jim Bentein Wednesday, January 29, 2020, 10:49 AM MST. In addition, Pieridae advanced its flagship Goldboro LNG Project and made adjustments to its business to deal with the impacts of COVID-19. “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. CALGARY, ALBERTA — October 29, 2018 — Pieridae Energy Limited (“Pieridae”) (TSXV: PEA) is pleased to announce that its proposed financing of upstream activities within the Goldboro LNG project has received a written confirmation of eligibility in principle for up to US $1.5 billion of untied loan guarantee by the German federal government under its UFK program (Bundesgarantien für ungebundene Finanzkredite). Read more. Gross proceeds from the Offering were $12.2 million. Pieridae Energy is one of three companies that have plans to develop a liquefied natural gas export facility at the Strait of Canso. Read more. Headlines of the coverage include: Trade Wars: Ottawa's move a win for LNG firms who say Canada can't build the massive infrastructure they need, as domestic steel business tanks National Post NAOMI POWELL & GEOFFREY MORGAN Updated: October 17, 2019 The noise pulsing throughout Supreme Steel’s fabrication plant in Delta, B.C., on a busy day is enough to pummel the ears. Subject to such due diligence completion, the closing of the Acquisition is expected to occur in the third quarter of 2019, pending satisfaction of customary closing conditions and receipt of regulatory approvals. News coverage of the story is as follows: KBR to focus on government contracts, quit natural gas, energy business Reuters June 22, 2020 6:23 PM EDT, KBR Exit from Energy Business to Benefit Other EPCs in U.S. LNG Build-Out Leticia Gonzales June 25, 2020, KBR to focus on government contracts, quit most energy business Jun. No pass code is required. The APSG will allow Pieridae to release cash collateral requirements provided as security for certain existing and potential future LCs. No pass code is required. “We are very pleased to have someone with Andy’s vast, 30-plus years of experience join our team and lead the development of our Goldboro LNG Project,” said Pieridae CEO Alfred Sorensen. Media coverage was positive and factual: COVID-19 Delays FID on Pieridae’s LNG Project Beyond September Daily Oil Bulletin Thursday, April 16, 2020, 7:22 AM MDT Nova Scotia LNG project decision delayed due to market conditions, COVID-19 The Canadian Press April 16, 2020 08:12 AM Dan Healing Pieridae delays Nova Scotia LNG export plant decision due to coronavirus Scott DiSavino Reuters April 16, 2020 Nova Scotia’s Goldboro LNG Delayed on Covid-19 Fallout Natural Gas Intelligence Gordon Jaremko April 16, 2020 Government Infrastructure Funding Eyed by Pieridae For Goldboro LNG Project Daily Oil Bulletin Elsie Ross Friday, April 17, 2020, 6:20 AM MDT Pieridae Delays Goldboro Decision AllNovaScotia April 17, 2020 Geoff Bird Pieridae to delay Nova Scotia LNG export plant decision Seeking Alpha April 16, 2020 1:10 PM ET Carl Surran, SA News Editor Read more. They do not have any standardized meaning under IFRS and therefore may not be comparable to similar measures presented by other issuers. See pages 21&22 in the Company’s Q3 2020 MD&A  Assumes an FID of June 30, 2021 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. The noise pulsing throughout Supreme Steel’s fabrication plant in Delta, B.C., on a busy day is enough to pummel the ears. The Company is also pleased to announce that it has issued an additional 274,000 common shares at a price of $2.00 per share, for incremental gross proceeds of $548,000, pursuant to a second tranche of its previously announced non-brokered private placement of common shares (the “Non-Brokered Offering”). For further information please contact: Alfred Sorensen, Chief Executive Officer Telephone: (403) 261-5900. CALGARY, ALBERTA – October 25, 2017 – Pieridae Energy Limited ("Pieridae") is pleased to announce the completion of the business combination of Pieridae Energy Limited ("Former Pieridae") and Pétrolia Inc. ("Pétrolia") by way of plan of arrangement (the "Arrangement") to form the amalgamated company called "Pieridae Energy Limited". 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. For a ray of hope on the liquified natural gas file, it might be best to look east rather than west. 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.