Pieridae Energy Limited has announced the reelection of Myron Tetreault, Alfred Sorensen, Charles Boulanger, Andrew Judson, Matthew Rees as Directors for the forthcoming year and the election of Kjell Pedersen as a new Independent Director. 

Kjell Pedersen has 40 years of experience in oil and gas exploration and production in Europe and North America. He was Director of Det Norske Oljeselskap AS from 2015 until 2016. Prior thereto, he was Chairman of Aibel AS from April 2013 until March 2015 and Chief Executive Officer of Petoro AS from 2001 until 2013. Petoro is owned by the Norwegian government and manages over 1,000,000 barrels per day on behalf of the people of Norway. He began his career as a drilling engineer with Exxon Mobil and has held various management positions at Esso and ExxonMobil in Norway, the United States, Germany and the United Kingdom.

“Mr. Pedersen brings a depth of knowledge to Pieridae in both onshore and offshore upstream operations as well as the construction of large energy facilities and has worked in many of the jurisdictions in which the Company is active. He will enhance the Board’s ability to meet its ambitious goals in 2018.” said Pieridae’s Chief Executive Officer Alfred Sorensen.

The company has also announced the resignation of its Chief Financial Officer, Mario Racicot, effective September 1, 2018. To help ensure an orderly transition, Mario will step down from his current position once a successor is appointed. The company has initiated an internal and external search to fill the position.

Pieridae wishes to announce the appointment of Rob Dargewitcz as Vice President Finance and Risk Management. Rob brings over 20 years of experience in the Energy sector including the last 5 years as Treasurer of North West Redwater Partnership (NWRP), and 15 years with Shell Canada where he had several positions over the years including Manager of Corporate Finance – Mergers and Acquisitions, and Treasurer, as well as various other financial positions in all four divisions of Shell Canada (Upstream, Downstream, Oil Sands, & Corporate).

For more information, visit: www.pieridaeenergy.com

29th June 2018

29th June 2018