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NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN UNITED STATES Key Development: Transformational Change Following Close of Shell Alberta Foothills Assets Acquisition Highlights: 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 CALGARY, Alberta, Nov. 06, 2019 (GLOBE NEWSWIRE) — Pieridae Energy Limited (“Pieridae” or the “Company”) (PEA – TSXV) has filed its third quarter (“Q3”) unaudited condensed interim financial statements and related management’s discussion and analysis (“MD&A”) for the three and nine month periods ending September 30, 2019. 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 . “Closing the Shell asset acquisition means we have secured the majority of […]
