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Pieridae Energy Limited (T:PEA)

Business Focus: Oil & Gas Exploration and Production

Sector:  Energy Industry:  Oil & Gas Exploration and Production
See Regulatory Filings on SEDAR
Company Contact
Address: 1718 Argyle street,, suite 730 Halifax,
Tel: N/A
IR: See website
Key People
Myron A. Tetreault
Executive Chairman of the Board
Alfred B. Sorensen
Chief Executive Officer, Director
Robert Dargewitcz
Chief Financial Officer
Joanie Proteau
Director of Finance
Martin Belanger
President - Production
Thomas Dawson
Chief Operating Officer and President - LNG
Thomas Dmitro Ciz
General Counsel, Corporate Secretary
Jean-Yves Laliberte
Manager - Health, Safety, Environment, and Regulatory Affairs
Mabrouk Ouederni
Operations Manager
Business Overview
Pieridae Energy Ltd is Canada-based company engaged in energy infrastructure and development. The Company is focused on liquefied natural gas (LNG) opportunities. The Company is developing a fully integrated LNG infrastructure business and is contracting and partnering with world-class resource supply companies and off-takers in its commitment to create a fully integrated LNG project. The Company is developing Goldboro LNG, which consists of an LNG processing facility, storage tanks and marine works. The facility is located at the Goldboro Industrial Park in Guysborough County, Nova Scotia, Canada. The natural gas supply feeding the project is to be delivered via the existing Maritimes & Northeast Pipeline, located directly adjacent to the project.
Financial Overview
For the three months ended 31 March 2020, Pieridae Energy Ltd revenues increased from C$23M to C$74M. Net loss decreased 12% to C$11.5M. Revenues reflect Petroleum and natural gas increase from C$23.3M to C$64.8M, Realized gain (loss) on risk manangement increase from -C$657K to C$4.5M. Lower net loss reflects Impairment of exploration and evaluation decrease from C$7.9M (expense) to C$0K, Loss on foreign exchange increase from C$18K to C$178K (income).
Reporting Currency: Canadian Dollars
Enterprise value: $249.36M as of Mar 31, 2020
Annual revenue (TTM): $160.94M as of Mar 31, 2020
EBITDA (TTM): $2.42M as of Mar 31, 2020
Net annual income (TTM): -$70.07M as of Mar 31, 2020
Free cash flow (TTM): -$32.84M as of Mar 31, 2020
Net Debt Last Fiscal Year: $197.25M as of Mar 31, 2020
Shares outstanding: 157,642,000 as of Mar 31, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization