Pieridae Energy Stock

Pieridae Energy Limited engages in the acquisition, exploration, and development of petroleum and natural gas, and natural gas liquids in Canada. The company engages in the development of a fully integrated liquefied natural gas (LNG) project to be built in Goldboro, Nova Scotia. The company focuses on developing the Goldboro LNG Project and export facility off Canada’s East Coast.

Segments

The company operates in two segments, Upstream and LNG.

Upstream

The Upstream segment consists predominantly by the petroleum and natural gas production operations and properties acquired from Shell and Ikkuma. It also includes the company’s upstream operations in Eastern Canada, and certain corporate overhead activities associated with these operations.

LNG

The LNG segment contains all activities associated with the development of the company’s proposed LNG facility in Goldboro, Nova Scotia and the majority of Pieridae’s corporate overhead activities. The LNG segment contains all activities associated with the development of the company’s proposed Facility in Goldboro, Nova Scotia and the majority of Pieridae’s corporate overhead activities. The Goldboro LNG site is near the community of Goldboro, Nova Scotia.

Supply Portfolio

In addition to its signature project, the company owns and operates natural gas assets across Canada. In British Columbia, the company’s footprint extends from Fort Nelson in northeastern B.C. down to the Alberta border near Grande Prairie. The company has a working interest in 84 wells producing natural gas. And in New Brunswick, it has land holdings of 14,000 acres.