Pieridae Energy Ltd., Calgary, has initiated a formal process to identify, examine, and consider strategic alternatives that may include, but are not limited to, a corporate sale, merger, a sale of a material portion of Pieridae’s assets or other transactions.
On July 2, the company announced plans to analyze strategic alternatives for the proposed two-train, 10-million tonne/year (tpy) Goldboro LNG project in Nova Scotia, Canada, as it had been unable to meet conditions necessary to make a final investment decision as of June 30 (OGJ Online, Apr. 16, 2020; Dec. 8, 2020).
The company also has appointed Adam Gray as interim chief financial officer. Gray joined Pieridae in January 2020, acting as vice-president and controller. On July 5, the company noted the resignation of Rob Dargewitcz as chief financial officer, effective July 30.