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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Pieridae Energy Limited    PEA   CA7207861021

PIERIDAE ENERGY LIMITED

(PEA)
  Report
Delayed Quote. Delayed Toronto Stock Exchange - 01/15 03:59:40 pm
0.59 CAD   +5.36%
2020PIERIDAE ENERGY : 2021 guidance
AQ
2020Pieridae Energy Down As Details 2021 Guidance
MT
2020PIERIDAE ENERGY : Announces third quarter results
AQ
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Pieridae Energy : HIRES EXPERIENCED SVP TO LEAD ITS GOLDBORO LNG PROJECT

08/27/2020 | 11:11am EST

CALGARY - Pieridae Energy Limited ('Pieridae' or the 'Company') (PEA.TO) is pleased to announce it has engaged veteran LNG industry professional Andy Mukherjee P.Eng. as Senior Vice-President LNG to lead the development of its multi-billion-dollar Goldboro LNG Project.

Mr. Mukherjee has worldwide expertise in front-end engineering and design; detailed engineering, procurement, contracts, construction, and commissioning ('EPCC'); including module fabrication and construction related to mega LNG projects and oil and gas in North America and overseas.

Mr. Mukherjee officially joins Pieridae August 27, 2020.

'We are very pleased to have someone with Andy's vast, 30-plus years of experience join our team and lead the development of our Goldboro LNG Project,' said Pieridae CEO Alfred Sorensen. 'Andy has worked on modular design and execution of four major global LNG projects: Qatargas NFE LNG, Cameron LNG, INPEX-Ichthys LNG and British Gas QCLNG. His contribution to modularization in Canada is well recognized, and, he has significant exposure to major module yards in Asia.

'I have every confidence Andy will lead Goldboro LNG through the open book estimate and deliver a lump sum turnkey EPCC contract for the Project to prepare us for a positive final investment decision next year,' concluded Sorensen.

Mr. Mukherjee has extensive experience working with EPCC contractors such as Jacobs, Worley, SNC Lavalin, Bechtel and FLUOR, in addition to managing EPCC contractors Wood Group, McDermott, KBR, Chiyoda and JGC for fixed price contracts. He is also adept at working with multiple stakeholders, including government agencies, First Nations, contractors, subcontractors, vendors, third party agencies, auditors and trade unions.

'I am very excited to join Pieridae and eager to get to work and move the Goldboro LNG Project across the finish line,' said Mr. Mukherjee. 'My commitment to health, safety and environment policies and procedures is unwavering - safety is my number one priority.'

About Pieridae

Founded in 2011, Pieridae, a majority Canadian owned corporation based in Calgary, is focused on the development of integrated energy-related activities, from the exploration and extraction of natural gas to the development, construction and operation of the Goldboro LNG facility (located 250 kilometers northeast of Halifax, Nova Scotia) and the production of LNG for sale to Europe and other markets. Pieridae is on the leading edge of the re-integration of the LNG value chain in North America. After completion of all the transactions disclosed in this news release, Pieridae has 157,641,871 common shares issued and outstanding which trade on the TSX ('PEA.TO').

Contact:

Alfred Sorensen

Tel: (403) 261-5900

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2020 - - -
Net income 2020 - - -
Net Debt 2020 229 M 180 M 180 M
P/E ratio 2020 -
Yield 2020 -
Capitalization 96,1 M 75,5 M 75,3 M
EV / Sales 2020 -
EV / Sales 2021 -
Nbr of Employees 284
Free-Float 76,2%
Chart PIERIDAE ENERGY LIMITED
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Pieridae Energy Limited Technical Analysis Chart | PEA | CA7207861021 | MarketScreener
Technical analysis trends PIERIDAE ENERGY LIMITED
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 1
Average target price 1,10 CAD
Last Close Price 0,59 CAD
Spread / Highest target 86,4%
Spread / Average Target 86,4%
Spread / Lowest Target 86,4%
Managers and Directors
NameTitle
Alfred B. Sorensen President, CEO, COO & Director
Myron Arthur Tétreault Chairman
Rob Dargewitcz Chief Financial Officer
Charles Boulanger Independent Director
Andrew G. Judson Independent Director
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