Pieridae Energy Ltd

We’re taking a look back at our Highlights!

The future of any industry lies with youth stepping in to learn and carry on decades of knowledge from the people that came before them (with their own twist of course).

Departments across Pieridae take part in our summer student program, inviting students in to learn and take another step towards their future. With a few returning students in 2023, and welcoming some on as full-time after their four months, our summer student program is one of our favourite highlights every year!

Keep an eye out on our socials and our website as we start posting student positions for 2024.

The West Country Family Service Association team does fantastic work ensuring seniors living in their community are supported and live safely with grace and dignity.

They offer many programs including community transportation, meals on wheels, lifeline canada and home support. We are glad to help them in their mission this holiday season ❤️

🎀🎁 Donation Alert 🎁🎀

Thanks to Pieridae Energy Ltd and their $1000 donation towards the Adopt-A-Senior Program, our individualized hamper baskets will be that much sweeter. Thank you very much for partnering with us in the delivery of this meaningful program.

WCFSA has collection boxes stationed at the Rocky Home Hardware and Rocky Peavey Mart, ready to receive donations all this week. As you visit these locations, please consider donating new or like-new items such as giftcards, clothing, shoes, groceries, his & her toiletries, cleaning products, kitchen iteams, hobbies and magazines etc.

THANK YOU FOR YOUR GENEROSITY ❤

We’re taking a look back at our Highlights

Over the year we like to shine the spotlight on our employees - they keep this ship running efficently and safely 24/7, seven days a week!

Our 2023 Communications Summer Student introduced you all to our Lab Coordinator at the Caroline Complex - Rocky Martin.

Amidst the symphony of humming instruments, clicking keyboards, and softly flowing liquids, the laboratory comes alive with the sounds of scientific exploration and discovery. There Rocky ensure the integrity of Pieridae’s products. Starting as a Laboratory Technician after graduating in 2006, he gradually rose through the ranks and now plays an important role in managing lab operations at the plant.

"Working in the lab has been a rewarding experience. I'm proud to contribute to the success of the Caroline Gas Plant”

Re-read the full feature here: https://www.pieridaeenergy.com/stories/inside-lab

We’re taking a look back at our Highlights

In April, our Director of ESG, Karen Spencer, sat on The Energy Council Capital Assembly panel ‘How to Become a Best Practice Oil and Gas Producer’.

“We discussed reporting best practices, the energy transition, and thinking ‘beyond the E’ - putting a spotlight on the value of social and governance growth. Although tough to put metrics around sometimes, international investors are looking at ESG reporting, actions and a demonstration of living our values.”

Collaboration is key as we look to industry best-practice of the future!

We’re taking a look back at our Highlights

Our people are our biggest asset - our people are our biggest asset - OUR PEOPLE ARE OUR BIGGEST ASSET!

Over the course of the year they keep the plants and wells running, AND support local communities. Their positive attitude and strong work ethic are felt throughout Southern Alberta.

We’re taking a look back at our Highlights

Starting off the year, our team successfully drilled the Company’s first Foothills well in the Brown Creek area! That well was also the first successful deployment of the Baker Hughes rotary steerable (Lucinda) in Canada.

The Western Canadian Foothills are truly an area for innovation!

Choose Safety - Because Safety is a Choice Every Day

18 people at our Caroline Gas Plant were recently trained in working at heights! Protecting yourself against a fall means going home safe at the end of the work day.

Energy Safety Canada's Life Saving Rules say:
✔ I inspect my fall protection equipment before use;
✔ I secure tools and work materials to prevent dropped objects; and
✔ I tie off 100% to approved anchor points while outside a protected area.

It is everyone's responsibility to maintain and foster our safety culture!

Alberta's backyard is a beautiful place to play and explore - and when things take a turn for the worse we are lucky to have volunteer organizations like the Rocky Mountain House Search & Rescue to keep us safe!

Their highly skilled volunteers go on active search & rescue missions AND teach children important outdoor survival skills.

2023 meant a costly bill for the Class D Longline Rescue equipment, this included HEC Harness replacement and Boost Hook Overhaul! Rocky SAR is very grateful to Pieridae Energy, Next to New and The 2022 Search for Bigfoot Charity Poker Rally for their generous support. Working together to 'Bring Them Home'.

Pieridae Energy Ltd
The Search for Bigfoot Charity Poker Rally

Our assets have a long history in Alberta!

Jumping Pound has been operating for over 70 years, Waterton has been operating for over 50 years and Caroline has been operating for 30 years!

This weekend, we took time to pause and reflect on the immeasurable sacrifices made by those who stepped up in times of conflict to foster peace and protect freedoms in Canada and across the world.

Our third quarter results are live!

Check out the Q3 2023 Highlights:

⚪ Appointed Darcy Reding as President and CEO;
⚪ Capital Expenditures of $16.4 million focused on Waterton Turnaround;
⚪ Generated NOI of $11.7 million; and
⚪ Produced 30,253 boe/d.

Pieridae has safely completed the Waterton Turnaround with full production restored in late October. Pieridae’s priority continues to be improving financial flexibility by strengthening our balance sheet while safely sustaining production, implementing cost reduction initiatives, optimizing infrastructure, and executing non-core asset dispositions to maintain profitability during all periods of the commodity cycle.

Check out the full release including financial results, outlook, hedge position, and this morning’s conference call here: https://lnkd.in/gDg2gDhk

Today we join those across Canada in honouring First Nation, Metis and Inuit people who have served in Canadian war and peacekeeping efforts for over 200 years.

Though they served and gave their lives, they were not afforded the same benefits as their non-Indigenous fellows. Many of the 7,000 Indigenous people that fought in the First and Second Word Wars returned to Canada to find they had been stripped of their Indigenous status.

Let us never forget their sacrifice abroad and at home.

For more information please visit: https://lnkd.in/gXuB6BM

Have you registered for our Q3 2023 Results Webcast?

CEO Darcy Reding and CFO Adam Gray will discuss the financial results and Company developments on an investor conference call and webcast on THIS Thursday November 9th, 2023, at 8:30 a.m. MDT / 10:30 a.m. EDT.

To register, check out our website: https://lnkd.in/ggiv9dzk

Everyone should be given the opportunity to enjoy the outdoors! Adaptable Outdoors has made it their mission - using adaptive equipment and creativity to bring outdoor recreation to people of all abilities.

We supported them in adding to their kayak program this year. Over 100 people between the ages of 6 and 95 got out to enjoy the water!

Thank you to this kind and compassionate team for spreading the joy and benefits of the outdoors with everyone.

Just like jack-o-lanterns warm up Halloween night, natural gas warms homes, businesses and communities.

Whether you're trick-or-treating, hosting a costume party, or enjoying a cozy night in, remember we are here to make your season frightfully delightful!

Stay safe, have fun and Happy Halloween! 🎃

Have YOU checked our careers page recently? You could have a hand in shaping Pieridae!

Find all recent job postings here: https://lnkd.in/gjxyYG6d

Frontline folks keep over 20 agencies and support programs running year round, snow or shine, to continue the fight against homelessness. Continuing our sponsorship of these awards was a no-brainer!

The work in this sector ripples throughout Calgary spreading compassion and respect.

A big thank you goes out to our Beacon Sponsor, Pieridae Energy Ltd. Your sponsorship makes it possible to recognize a front-line employee, leader, and project for their contributions to the fight against homelessness.

Everyone wants to go home safely at the end of the day. Operating in a safe and efficient manner using industry guidelines, like the Process Safety Fundamentals (PSF), is key. The PSFs empower people to raise concerns and ensure the safety of themselves and others around them.

‘We Stop If the Unexpected Occurs’ – while we endeavor to plan for everything there are times when we must face the unexpected. When you notice things are not going as expected, stop. Take the time to understand what has changed and why, you may need to make a chance and update the risk assessment. Ultimately, this fundamental helps us avoid incidents, keep people safe and support good business.

Choose Safety – Because Safety Is A Choice Every Day

Register to participate in Pieridae's Q3 2023 Webcast!

President & Chief Executive Officer Darcy Reding and Chief Financial Officer Adam Gray will discuss the financial results and Company developments on an investor conference call and webcast on Thursday November 9th, 2023, at 8:30 a.m. MDT / 10:30 a.m. EDT.

To register, check out the full press release on our website: https://lnkd.in/ggiv9dzk

Our Board of Directors is full of experienced and interesting people with backgrounds in energy, science, banking and utilities; industries with legal, financial and capital markets; and risk management professional designations.

Today we are giving you an inside look at part of our strategic leadership and strategic thought process from our Board Chair and Committee Chairs.

Meet the women driving change on Pieridae's Board of Directors: https://www.pieridaeenergy.com/stories/meet-women-pieridaes-board-directors

This weekend we gave thanks for responsible, affordable, Canadian natural gas.

As you enjoy the warmth of your home and a Thanksgiving dinner with family and friends, remember the folks behind the scenes that make it all possible.

Thank you to the over 200 people at our plants and field sites for keeping the gas flowing today, and the other 364 days of the year!

Did you know 62 per cent of Canadian natural gas is produced in Alberta?

With the largest natural gas infrastructure in North America, our province is relied upon to make Sparks Fly and help you say Shake It Off to winter. Together we’ll be Fearless as we navigate the energy transition, ensuring there’s no Blank Space in the colder seasons.

Statistic from: https://lnkd.in/egBCcvuJ

Supporting the next generation of energy professionals!

We were glad to take part in the Indigenous Job Fair in Lethbridge put on by Community Futures Treaty 7, Piikani Employment Services, Blood Tribe Employment and Skills Training, and the Saamis Employment and Training Association. Our futures live on the shoulders of today’s youth.

“It was excellent to see the youth drumming group and the young dancers as well. To me, it demonstrates the hope and optimism of these Indigenous groups for the future as we work together in economic, culture and community-oriented reconciliation,” said Director of ESG, Karen Spencer who hosted our booth at the fair.

Truth and Reconciliation is 365 days a year – and is especially prevalent during National Truth and Reconciliation Week. Tomorrow, we join others across Canada on National Day of Truth and Reconciliation in commemorating and honouring the children who never returned home, the Survivors and the communities affected by residential schools.

Following resources from the National Truth and Reconciliation Centre this week, our team has continued to learn, understand and explore the history and legacy between Indigenous and non-Indigenous peoples in Canada.

Pieridae is committed to taking more steps each year in growing our Indigenous Relations efforts to uphold respectful, positive relationships with Indigenous communities, ensuring they have long-term sustainable benefits from our partnerships.

Arts and culture help us connect with our traditions and our roots. The Caroline Cowboy Music & Poetry Gathering was one such event bringing together the finest talents to honour and celebrate Western Heritage with poetry, music and great fellowship. Excess funds from the event wre donated to local charitable and sports groups.

We were glad to sponsor the two-day (nearly sold-out) event, with over 200 attendees including a group from France!

Congratulations to the organizers for such a successful event built on the community spirit of the Old West.

Operating safely and efficiently means everyone goes home at the end of the day. Line of Fire is one of the 10 Life Saving Rules that sets clear expectations to manage your health, safety & readiness at work.

Position yourself to avoid impact sources; establish and obey barriers and exclusion zones; take action to secure loose objects; and report potential dropped objects.

Choose Safety – Because Safety Is A Choice Every Day

We are proud to operate right here in Alberta, Canada. It is a great place to live, and a beautiful place to work!

Happy Pride Calgary! Our team had a great time meeting people and sharing in the celebration at the Calgary Pride Festival on Sunday. There were great conversations had about the importance of inclusion and the direction of our energy future, plus some pretty big bubble fans!

Being good neighbours extends beyond our operations - it is a commitment rooted in our values.

'Learning for a Sustainable Future'!

We had the privilege of participating in the 31st anniversary Neighbours Day Trade Fair and Expo organized by SPOG Sundre Petroleum Operators Group. We were once again delighted to host a booth and connect with the Sundre community.

Surrounded by over fifty booths, the event was a fantastic opportunity to engage in conversations about this year’s theme, shaping a sustainable future.

"SPOG Neighbour Days was very well attended by the community. Events like Neighbours Days are a great opportunity to engage with our stakeholders that live around our facilities and address any questions that may arise or just to have conversations" said Ian Ouderkirk, Caroline Community Liaison Officer.

Thank you to everyone who came out to support Neighbours Day!

When you intern at Pieridae Energy, it's about more than the projects you work on. It's about sharing smiles. It's about learning from one another. And it's about taking one more step toward your future.

We would like to thank our Pieridae summer students for the spirit and attitude they brought. It was a pleasure working with you and we wish you all the best!

We are excited to announce that the Board of Directors has appointed Darcy Reding as President, Chief Executive Officer, and Director effective this Friday September 1, 2023.

Through his 30 years of leadership, technical and business development experience in both public and private energy, and his hands-on experience at Pieridae as President and COO, Darcy will be instrumental in driving the Company’s sustainable and profitable upstream and midstream business.

Check out the full news release on our website: https://t.ly/1ygRi

Meet the furry co-workers of Pieridae!

On , we take a moment to recognize and express our gratitude for our cherished furry companions. They bring endless joy and mischief to our lives, making each day brighter. Thank you to everyone who shared their treasured dog photos, showcasing the beautiful bond we share with these incredible beings.

Many factors can affect our ability to perform work safely.

At Pieridae we make sure that workers have the capacity to safely conduct work.

Ensuring you are Fit for Duty is one of the 10 Life Saving Rules to manage your health, safety and readiness at work. Our employees know to check their physical, psychological and psychological state to ensure they can safely perform assigned duties and make it home at the end of the day.

Choose Safety – because safety is a choice every day.

We are proud to present this year’s Environmental, Social and Governance (ESG) Report! Gratitude goes out to all who to contribute to the report.

Pieridae strives for excellence in all aspects of its ESG performance and is committed to the safe and responsible production of reliable natural gas and natural gas liquids. The Company’s ESG vision is to be responsible stewards of the environment, foster mutually beneficial relationships with Indigenous Peoples in Canada and with our stakeholders, and be leaders in demonstrating good governance to establish trust, act with purpose and support Pieridae’s business vision.

Swipe to check out some highlights!

To download the full report, check it out on our website here: https://www.pieridaeenergy.com/our-responsibility/esg-report

A few weeks ago, we had an incredible day as our geologist specialists took a group of enthusiastic Pieridae employees on a hike to explore the geological wonders of our foothills and gain insights into our central Alberta drilling program!

The team ventured out on the ridge walk near Hailstone Butte, where they were immersed in the fascinating world of Cretaceous stratigraphy and fold structures. These geological formations served as visual examples for Pieridae's recent central Alberta drills, giving our team a chance to better understand the terrain where we work.

The hike was both educational and adventurous, as our employees got a chance to witness the majestic beauty of our natural surroundings while learning about the very essence of our operations. It's moments like these that remind us of our commitment to environmental stewardship and responsible resource development.

We are glad to have a team so excited to explore and learn. Together, we're shaping a brighter and sustainable future for energy production in central Alberta!

“Having on-site labs allows Pieridae to capture real-time samples during plant upsets or issues, providing valuable data for immediate analysis. I love the variability of this job; no day is the same.”

Meet Rocky Martin, a dedicated Lab Coordinator at the Caroline Complex, who ensures smooth operations and maintains quality standards. With expertise in testing and analysis, Rocky plays a vital role in managing laboratory operations and ensuring the integrity of Pieridae's products.

Read more about what he does for Pieridae here: https://www.pieridaeenergy.com/stories/inside-lab

PIERIDAE RELEASES Q2 2023 RESULTS
Successful Refinancing & Strong Quarterly Cash Flow

“Pieridae had strong financial results this quarter, despite operational challenges and weaker AECO natural gas prices, thanks to a favorable royalty credit and realized gains from our hedging program,” said Pieridae’s President and Chief Operating Officer, Darcy Reding. “In the second quarter, we continued to execute our strategic plan with the successful refinancing of our long-term debt, which is a significant milestone for the Company and provides Pieridae with a lower cost of capital and greater financial flexibility.”

Explore the full release and quarterly results on our website: https://www.pieridaeenergy.com/investors/financial-documents

On this International Day of the World's Indigenous Peoples, we recognize the rich tapestry of cultures and traditions that are the Indigenous nations around the globe. We will continue taking more steps each year to grow in our Indigenous Relations efforts through supporting education and local Indigenous businesses + organizations.

Say hello to the purring cats of Pieridae!

On this let’s show some extra love to our adored furry companions who bring both delight and mischief to our lives. Thank you to all those who shared photos of their adorable cats.