Pardee Resources Company Inc (PDER) 282.0000 $PDER
Pardee Resources Company Announces Conclusion of Tender Offer
PR Newswire - Tue Jun 17, 3:24PM CDT
Pardee Resources Company (OTC: PDER) (the "Company"
announced today that its recent offer to purchase up to 22,600 shares of its outstanding common stock at a purchase price of $265.50 per share (the "Offer" expired as scheduled on June 13, 2014. The number of shares tendered in the Offer exceeded the maximum number of shares initially sought in the Offer. In accordance with the discretion afforded the Company under the terms of the Offer, the Company has elected to purchase all of the 51,300 common shares which were tendered, at a purchase price of $265.50 per share, for an aggregate consideration of $13,620,150.
Pardee Resources Company Completes Oil and Gas Acquisition
PR Newswire - Fri Dec 20, 4:01PM CST
Pardee Resources Company (OTC: PDER) announced today that it closed on the acquisition of approximately 400,000 acres of oil and gas mineral interests located in West Virginia, Virginia and Kentucky for $60.1 million. "The single largest portfolio of its kind in the Central Appalachian Region, these assets increase our oil and gas holdings in the Region to over 600,000 acres, while creating shareholder value and developing a platform for future growth," said Carleton P. Erdman, President and Chief Executive Officer. "The acreage is currently leased to 27 different operating companies and generates royalty income from over 2,500 active natural gas wells. The properties are expected to continue producing for decades while providing significant development opportunities as technology and markets allow." The acquisition was financed through available cash and will be immediately accretive to earnings.
Pardee Resources Company: Surface and Timber Sale July 1, 2013
PR Newswire - Mon Jul 01, 10:51AM CDT
Pardee Resources Company (OTC: PDER) announced today that its subsidiary, Pardee & Curtin Realty LLC, recently closed on the sale of 39,945 acres of surface and timber located in Kanawha and Fayette Counties, West Virginia to Quercus West Virginia, LLC for $16,500,000.
Pardee Resources Company Names Thomas A. Lopus as Senior Executive for Oil and Gas
Business Wire - Fri Jun 14, 5:00AM CDT
Pardee Resources Company (PRC) [OTC: PDER] has named Thomas A. Lopus as Senior Vice President, Oil & Gas. Pardee Resources is a Philadelphia-based firm that focuses on the acquisition, management, and responsible development of natural resource properties.
Pardee Resources Company Elects New Board Chairman
Business Wire - Fri Jun 14, 5:00AM CDT
Pardee Resources Company (PRC) (OTC: PDER) recently elected William G. Foulke as its new board chairman. Mr. Foulke has served as a director of the Company, and its predecessor companies, since 1975. Pardee Resources is a Philadelphia-based firm that focuses on the acquisition, management, and responsible development of natural resource properties. The Company manages rights for coal, oil, natural gas, minerals, and timber on properties in 13 states, and owns approximately 195,000 acres of timberland, over 300 million tons of coal reserves, and approximately 10 billion cubic feet equivalent of oil and gas reserves. The firm also owns distributed solar-generated electricity installations in New Jersey and California totaling 8.6 megawatts of capacity.
Pardee Resources Company Announces Conclusion of Tender Offer
PR Newswire - Tue Jun 17, 3:24PM CDT
Pardee Resources Company (OTC: PDER) (the "Company"
announced today that its recent offer to purchase up to 22,600 shares of its outstanding common stock at a purchase price of $265.50 per share (the "Offer" expired as scheduled on June 13, 2014. The number of shares tendered in the Offer exceeded the maximum number of shares initially sought in the Offer. In accordance with the discretion afforded the Company under the terms of the Offer, the Company has elected to purchase all of the 51,300 common shares which were tendered, at a purchase price of $265.50 per share, for an aggregate consideration of $13,620,150. Pardee Resources Company Completes Oil and Gas Acquisition
PR Newswire - Fri Dec 20, 4:01PM CST
Pardee Resources Company (OTC: PDER) announced today that it closed on the acquisition of approximately 400,000 acres of oil and gas mineral interests located in West Virginia, Virginia and Kentucky for $60.1 million. "The single largest portfolio of its kind in the Central Appalachian Region, these assets increase our oil and gas holdings in the Region to over 600,000 acres, while creating shareholder value and developing a platform for future growth," said Carleton P. Erdman, President and Chief Executive Officer. "The acreage is currently leased to 27 different operating companies and generates royalty income from over 2,500 active natural gas wells. The properties are expected to continue producing for decades while providing significant development opportunities as technology and markets allow." The acquisition was financed through available cash and will be immediately accretive to earnings.
Pardee Resources Company: Surface and Timber Sale July 1, 2013
PR Newswire - Mon Jul 01, 10:51AM CDT
Pardee Resources Company (OTC: PDER) announced today that its subsidiary, Pardee & Curtin Realty LLC, recently closed on the sale of 39,945 acres of surface and timber located in Kanawha and Fayette Counties, West Virginia to Quercus West Virginia, LLC for $16,500,000.
Pardee Resources Company Names Thomas A. Lopus as Senior Executive for Oil and Gas
Business Wire - Fri Jun 14, 5:00AM CDT
Pardee Resources Company (PRC) [OTC: PDER] has named Thomas A. Lopus as Senior Vice President, Oil & Gas. Pardee Resources is a Philadelphia-based firm that focuses on the acquisition, management, and responsible development of natural resource properties.
Pardee Resources Company Elects New Board Chairman
Business Wire - Fri Jun 14, 5:00AM CDT
Pardee Resources Company (PRC) (OTC: PDER) recently elected William G. Foulke as its new board chairman. Mr. Foulke has served as a director of the Company, and its predecessor companies, since 1975. Pardee Resources is a Philadelphia-based firm that focuses on the acquisition, management, and responsible development of natural resource properties. The Company manages rights for coal, oil, natural gas, minerals, and timber on properties in 13 states, and owns approximately 195,000 acres of timberland, over 300 million tons of coal reserves, and approximately 10 billion cubic feet equivalent of oil and gas reserves. The firm also owns distributed solar-generated electricity installations in New Jersey and California totaling 8.6 megawatts of capacity.
