Breaking News: Pieridae Unveils Exciting Plans for 2025 Capital Program!
Description:
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN UNITED STATES CALGARY, Alberta, Dec. 05, 2024 (GLOBE NEWSWIRE) — Pieridae Energy Limited (“Pieridae” or the “Company”) (TSX: PEA) is pleased to provide 2025 guidance including scope of the 2025 capital program along with production and Net Operating Income1 (“NOI”) projections. 2025 Guidance Estimates Initial Guidance (Dec-24) Low High Production (boe/d) 23,000 25,000 NOI ($M) (1)(2)(3) $75,000 $95,000 Operating Netback ($/boe) (1)(2)(3) $9.00 $11.00 Capital Expenditures ($M) $25,000 $30,000 (1) Refer to the “non-GAAP measures” section of the Company’s latest MD&A (2) Assumes average 2025 AECO price of $2.34/GJ and average 2025 WTI price of USD$68.25/bbl (3) Accounts for impact of hedging contracts in place as at November 30, 2024. Pieridae’s specific priorities for 2025 are: Sustain a safe and regulatory compliant business. Minimize facility outages to maximize sales and processing revenue.
How This Announcement Will Affect You:
You as an individual may not see direct impacts from Pieridae’s 2025 capital program. However, if you are an investor in the energy sector, this news could affect your investment decisions. It is important to keep an eye on how Pieridae’s production and NOI projections pan out, as they could have ripple effects across the industry.
How This Announcement Will Affect the World:
The unveiling of Pieridae’s exciting plans for the 2025 capital program could have broader implications for the energy sector and the global economy. The successful execution of their goals to sustain a safe and compliant business while maximizing revenue could contribute to the overall stability and growth of the industry, impacting markets and consumers worldwide.
Conclusion:
In conclusion, Pieridae’s announcement of their 2025 capital program is a significant development in the energy sector. It sets the stage for the company’s future growth and highlights their commitment to safety, compliance, and revenue maximization. The implications of these plans may not be immediately evident to individuals, but in the larger context, they could have far-reaching effects on the industry and the global economy.
