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Pieridae Energy Limited (V:PEA)

Business Focus: Oil & Gas Exploration and Production

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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
Melanie Litoski
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 six months ended 30 June 2019, Pieridae Energy Ltd revenues increased from C$82K to C$36.4M. Net loss increased from C$5.7M to C$32.5M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Operati ng expenses increase from C$2.6M to C$29.7M (expense), Admi ni strati ve expenses increase from C$3.4M to C$7.8M (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $102.66M as of Jun 30, 2019
Annual revenue (TTM): $39.02M as of Jun 30, 2019
EBITDA (TTM): -$25.44M as of Jun 30, 2019
Net annual income (TTM): -$61.74M as of Jun 30, 2019
Free cash flow (TTM): -$39.99M as of Jun 30, 2019
Net Debt Last Fiscal Year: $53.73M as of Jun 30, 2019
Shares outstanding: 79,133,713 as of Jul 17, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization