Canada’s Pieridae reaches record gas in Q1 May 14, 2021 3:38:pm Summary by: Dale Lunan Posted in: Canada’s Pieridae reaches record gas in Q1 Canada’s Pieridae Energy, which acquired Anglo-Dutch major Shell’s conventional foothills gas assets in the summer of 2019, said May 13 it reached record natural gas production of more than 215mn ft3/d in Q1 2021. While its net loss increased year-on-year, to C$19.5mn (US$16.06mn) from C$11.5mn, sequentially the loss was reduced from nearly C$46mn in Q4 2020. Cash flow provided by operating activities nearly doubled, to C$11mn from C$6.4mn in Q1 2020, while net operating income and adjusted funds flows from operations rose 9% and 7%, respectively, from the same period last year.