Pieridae Energy Limited

“Pieridae will be stronger financially with a lower risk profile and a clearer investment proposition that benefits our shareholders.” – CEO, Darcy Reding   We have completed our strategic pivot to a focused E&P and Midstream company! The Company is pleased to announce it has completed the sale of the Goldboro assets and issues notice to repay in full the Company’s Bridge Loan.   The Company has also agreed to a private placement of common shares with Alberta Investment Management Corporation the proceeds of which will be used to repay a portion of the Company’s existing credit facilities.   For more information on the sale of Goldboro, Equity Financing, Full Repayment of Bridge Loan & Production Shut-In, check out the full release on our website: https://lnkd.in/g5i_dMkd #PieridaeEnergy #AlbertaEnergy #E&P #Midstream

BREAKING! Our Second Quarter Financials are Live!   Major highlights include: 🦋 Grew 3rd party processing volumes at Caroline, up 40% from Q1 2024 🦋 Continued to reduce field and facility operating cost structure 🦋 Produced 30,861 boe/d (85% natural gas) “Pieridae’s robust commodity hedge portfolio resulted in $19.8 million of gains, offsetting the significant challenge created by extremely low AECO natural gas prices during the second quarter. Management has also shut-in approximately 25% of the Company’s production to protect cash flow and preserve reserve value for our shareholders, until we see gas prices recover in a meaningful way.” – Darcy Reding, CEO The full release is on our website, link in comments! #PieridaeEnergy #Q2 #Financials #AlbertaEnergy

Alberta and the Caroline Plant make a fantastic pair.   They've got great history! The duo celebrated their 30th anniversary just last year. Cheers to many more awesome years to come! 🥂 #PieridaeEnergy #AlbertaEnergy #Caroline

Stronger together 💪 👫 A team from the Calgary office served lunch at The Mustard Seed- an organization that has been fighting homelessness and poverty since 1984. It helps people meet their basic needs, and provides services that help with employment, housing, health and so much more. Thank you to The Mustard Seed for all the good you do! #PieridaeEnergy #Calgary #Community

The countdown is on! Pieridae will be releasing its financial and operating results from the second quarter of 2024, on August 13th, 2024, after markets close. Register for our webcast on August 14, 2024, at 8:30 AM MDT / 10:30 AM EDT to join CEO Darcy Reding and CFO Adam Gray as they discuss all things Q2 (link in the comments). #PieridaeEnergy #Q2

Happy Heritage Day long weekend to all the Albertan’s out there. Together, we celebrate and recognize how different cultures came together to create our story. Speaking of heritage … in 1952 Jumping Pound became the first sulphur plant in the world to remove H2S from a gas stream and convert it to commercially useable sulphur! #PieridaeEnergy #AlbertaEnergy

The fantastic work of the Bragg Creek Trails Association helps thousands of Albertans get outside every year. We know this firsthand! On the evenings and weekends our employees take their families to the Bragg Creek trails! We are proud to support Bragg Creek Trails Association as they expand and enhance the trail network that we all know and love. #PieridaeEnergy #Alberta #Community

Calgary office 🤝 Waterton The ops team took a day trip to Waterton to chat with the plant and field crews. They toured the field while they soaked up the southern Alberta sun. Connecting with each other and developing an understanding of other people’s roles is a key part of operational success. Anytime there are people in the field, safety is the number one priority. “Kudos to Ryan and Lorne – they’re great at going through the safety protocols. I am continually impressed with their rigor and thoroughness when it comes to keeping the office team safe at the wellsites. It’s a fantastic crew out there!” – VP Development & Exploration #PieridaeEnergy #SouthernAB

Meet Anthony; the other half of the weed crew summer student team at Waterton. He is every weed’s worst nightmare. Three years on the job has built up a working knowledge of the prominent invasive species in the area and their Achilles heel. But there are still plants that provide a challenge - he dreads dealing with the notoriously prickly Bull Thistle. “You need good gloves” he says. “This is my first year as the team lead. I am really focused on improving my skills as a professional and a leader. To be as successful as possible, I keep a schedule for the regular maintenance of the different sites so that I always know what is going on. Reclamation sites, well sites, sites that landowners used to go to. It is so important to stay on top of it all.” Anthony is from Calgary but chooses to stay with his grandmother in the summers so he can be a part of the weed crew. He enjoys living and working in an area where he gets to experience majestic mountains and spectacular scenery. Some of his hobbies include reading, hiking, playing guitar and video games. Anthony is going into his third year of Political Science with a minor in Indigenous Studies at the The University of Lethbridge. Anthony, we wish you the best in your studies this fall! #PieridaeEnergy #SummerStudent

Three cheers for Alberta's 35 athletes at the Paris Olympics! Bring on the energy!