May 23, 2018 - 5:18 PM EDT
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Pieridae Energy first quarter reports

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CALGARY, Alberta, May 23, 2018 (GLOBE NEWSWIRE) -- Pieridae Energy Limited (TSXV:PEA) is pleased to announce that it has filed its first quarter unaudited condensed interim financial statements and related management’s discussion and analysis (“MD&A”) for the three months ended March 31, 2018. Pieridae is a reporting issuer or the equivalent in British Columbia, Alberta and Québec. It is listed on the TSX Venture Exchange under the symbol PEA. Pieridae's unaudited condensed interim financial statements and MD&A are available on our website at http://www.pieridaeenergy.com, and are filed on SEDAR at http://www.sedar.com.

 
SELECTED FINANCIAL RESULTS
($000 except per share information)
  
 For the three months ended
March 31,
  2018 2017
   
Net loss attributable to equity holders($2,942)($2,058)
Net loss per share (basic and diluted)($0.06)($0.06)
   
 As at
March 31,
2018
As at
December 31,
2017
Cash and cash equivalent including cash
  and cash equivalent held for exploration purpose
$18,925$21,238
Working capital$8,098$10,379
Exploration and evaluation assets$43,024$42,827


About Pieridae Energy

Pieridae Energy is a Canadian corporation based in Calgary, Alberta focused on the development of fully integrated energy activities, from upstream production to the sale of LNG. Pieridae Energy’s main project is the Goldboro LNG Project and, following Pieridae Energy’s first acquisition of resources in New Brunswick and the completion of the merger with Pétrolia Inc., Pieridae Energy has embarked on a strategy to consolidate natural gas reserves in key natural gas basins to develop new international markets for Canadian and US natural gas. Pieridae Energy will continue to seek to build a long-term portfolio of natural gas to supply the Goldboro LNG Project. Pieridae Energy is on the leading edge of the re-integration of the LNG value chain in North America. Pieridae Energy has 50,547,159  shares issued and outstanding which trade on the TSX Venture Exchange (PEA).

For further information please contact:

Alfred Sorensen, Chief Executive Officer 
Telephone: (418) 657-1966 

Mario Racicot, Chief Financial Officer
Telephone: (418) 657-1966 

 

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Source: GlobeNewswire (May 23, 2018 - 5:18 PM EDT)

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