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Pieridae Releases Q1 2021 Results Company Achieves Highest-Ever Quarterly Natural Gas Production

DISSEMINATION IN UNITED STATES Key Highlights: Natural gas production of 215 mmcf/day in Q1 2021, the highest quarterly production in our Company’s history Production of 43,997 boe/day, an increase of 7% compared to the same quarter in 2020 Petroleum and natural gas revenue was $81.9 million, an increase of $17.1 million or 26% compared to the same quarter in 2020 Cash flow from operations of $11.0 million Net Operating Income 1 (“AFFO”) of $14.9 million increased 7% compared to the same period last year We are progressing our ESG mandate and will deliver our inaugural ESG report in the second quarter of this year, anchored by our commitment to net zero emissions by 2050 for our Goldboro LNG Project

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