Pieridae Energy Reports Resilient Q2 Amid Challenges

Pieridae Energy (TSE:PEA) has released an update.

Pieridae Energy reported a second quarter production of 30,861 boe/d and a Net Operating Income of $7.7 million, despite low AECO natural gas prices and operational challenges. The company’s strategic maneuvers, including a 40% increase in third-party processing volumes and the divestiture of the Goldboro assets, have positioned it for improved financial flexibility.

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