Pieridae Releases Q4 and Full Year 2023 Financial & Operating Results and 2023 Reserves
Provided By GlobeNewswire
Last update: Mar 20, 2024
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CALGARY, Alberta, March 20, 2024 (GLOBE NEWSWIRE) -- Pieridae Energy Limited (“Pieridae” or the “Company”) (TSX: PEA) announces the release of its fourth quarter and full year 2023 financial and operating results and year-end reserves. Pieridae generated Net Operating Income (“NOI”)1 of $131 million and produced 32,772 boe/d (86% natural gas) during 2023. The Company posted Q4 NOI of $25 million and production of 33,340 boe/d, following the completion of the Waterton turnaround project in late October, while 2023 exit production was approximately 37,500 boe/d.
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