Pardee Resources Company Inc (PDER) 164.0000 $PDER
Pardee Resources Company: Solar Acquisition
PR Newswire - Mon Aug 01, 9:46AM CDT
Pardee Resources Company (OTC: PDER) (the "Company"
reports that its subsidiary, Pardee Solar 1 LLC, recently closed on an investment in a renewable energy partnership that owns a ground-mounted 1.25 MW (dc) solar photovoltaic system located in Foster, Rhode Island. The Company's investment in this partnership is $1.1 million. The funding for this investment will be through available cash and is subject to the system being successfully placed in operation which is expected in the near future. "Pardee is pleased to add this renewable energy investment to our Alternative Energy Division's portfolio" said Carleton P. Erdman, President and Chief Executive Officer.
Pardee Resources Company: Second Agricultural Investment
PR Newswire - Tue May 17, 11:13AM CDT
Pardee Resources Company (OTC: PDER) (the "Company" reports that its subsidiary, Pardee Agricultural Properties LLC, recently acquired an interest in a partnership that leases a 220 acre farmland tract located in Kern County, at the southern end of California's Central Valley. The tract will be developed and managed for premium table grapes by a local, multi-generational agricultural operating company. The Company has committed $3.7 million for the acquisition and development of this property. "We are excited to build out our agricultural platform with this second acquisition which further diversifies our land business," said Carleton P. Erdman, President and Chief Executive Officer.
Pardee Resources Company Restructuring
PR Newswire - Tue Dec 15, 10:31AM CST
Pardee Resources Company (OTC: PDER) (the "Company" announced today that it has implemented a restructuring plan to better align its costs with current energy market conditions. The Company estimates that the restructuring charges will be $550,000 in 2015 and $150,000 in 2016. The Company also estimates that this restructuring plan will reduce its annual expenses by $1,400,000. "This restructuring positions the Company to be more competitive in this depressed commodity energy market," said Carleton P. Erdman, President and Chief Executive Officer.
Pardee Resources Company: Curtin Sawmill Sale
PR Newswire - Wed Dec 09, 10:16AM CST
Pardee Resources Company (OTC: PDER) announced today that its subsidiary, Pardee & Curtin Timberlands LLC ("Pardee", recently closed on the sale of its sawmill located in Curtin, West Virginia to The Jim C. Hamer Company ("Hamer" for an undisclosed amount. Hamer has operated this sawmill under lease since 1984. Pardee also entered into a 10-year Timber Harvest Agreement at closing, providing Hamer with harvesting rights on Pardee's 62,000 acres of timberlands which lie in close proximity to the sawmill. "While the Company has owned this sawmill since it was constructed in 1955, continued ownership did not fit with our strategic focus of owning and managing commercial timberlands," said Carleton P. Erdman, President and Chief Executive Officer.
Pardee Resources Company: West Virginia Land Acquisition
PR Newswire - Fri Oct 30, 2:48PM CDT
Pardee Resources Company (OTC: PDER) (the "Company" reports that a subsidiary recently acquired approximately 6,300 acres of surface, timber and mineral interests located in central West Virginia through the acquisition of 100% of the outstanding stock of the property's owner. The $7 million investment was funded through available cash and bank financing. "This new acreage is located in the core of the Company's land holdings, making Pardee ideally suited to both evaluate the assets prior to acquisition and to manage them into the future," said Carleton P. Erdman, President and Chief Executive Officer.
Pardee Resources Company: Agricultural Property Investment
PR Newswire - Tue Jun 02, 2:08PM CDT
Pardee Resources Company (OTC: PDER) (the "Company" reports that its subsidiary, Pardee Agricultural Properties LLC, recently closed on the purchase of a 40-acre farmland tract located in Kern County, at the southern end of California's Central Valley. The tract will be developed and managed for specialty table grapes by a local, multi-generational agricultural operating company. The Company has committed $1.6 million for the acquisition and the development of this property. "We are excited to close on our first agricultural property investment and look forward to growing this platform to further diversify our land business," said Carleton P. Erdman, President and Chief Executive Officer.
Pardee Resources Company: Solar Acquisition
PR Newswire - Mon Aug 01, 9:46AM CDT
Pardee Resources Company (OTC: PDER) (the "Company"
reports that its subsidiary, Pardee Solar 1 LLC, recently closed on an investment in a renewable energy partnership that owns a ground-mounted 1.25 MW (dc) solar photovoltaic system located in Foster, Rhode Island. The Company's investment in this partnership is $1.1 million. The funding for this investment will be through available cash and is subject to the system being successfully placed in operation which is expected in the near future. "Pardee is pleased to add this renewable energy investment to our Alternative Energy Division's portfolio" said Carleton P. Erdman, President and Chief Executive Officer. Pardee Resources Company: Second Agricultural Investment
PR Newswire - Tue May 17, 11:13AM CDT
Pardee Resources Company (OTC: PDER) (the "Company"
reports that its subsidiary, Pardee Agricultural Properties LLC, recently acquired an interest in a partnership that leases a 220 acre farmland tract located in Kern County, at the southern end of California's Central Valley. The tract will be developed and managed for premium table grapes by a local, multi-generational agricultural operating company. The Company has committed $3.7 million for the acquisition and development of this property. "We are excited to build out our agricultural platform with this second acquisition which further diversifies our land business," said Carleton P. Erdman, President and Chief Executive Officer. Pardee Resources Company Restructuring
PR Newswire - Tue Dec 15, 10:31AM CST
Pardee Resources Company (OTC: PDER) (the "Company"
announced today that it has implemented a restructuring plan to better align its costs with current energy market conditions. The Company estimates that the restructuring charges will be $550,000 in 2015 and $150,000 in 2016. The Company also estimates that this restructuring plan will reduce its annual expenses by $1,400,000. "This restructuring positions the Company to be more competitive in this depressed commodity energy market," said Carleton P. Erdman, President and Chief Executive Officer. Pardee Resources Company: Curtin Sawmill Sale
PR Newswire - Wed Dec 09, 10:16AM CST
Pardee Resources Company (OTC: PDER) announced today that its subsidiary, Pardee & Curtin Timberlands LLC ("Pardee"
, recently closed on the sale of its sawmill located in Curtin, West Virginia to The Jim C. Hamer Company ("Hamer" for an undisclosed amount. Hamer has operated this sawmill under lease since 1984. Pardee also entered into a 10-year Timber Harvest Agreement at closing, providing Hamer with harvesting rights on Pardee's 62,000 acres of timberlands which lie in close proximity to the sawmill. "While the Company has owned this sawmill since it was constructed in 1955, continued ownership did not fit with our strategic focus of owning and managing commercial timberlands," said Carleton P. Erdman, President and Chief Executive Officer. Pardee Resources Company: West Virginia Land Acquisition
PR Newswire - Fri Oct 30, 2:48PM CDT
Pardee Resources Company (OTC: PDER) (the "Company"
reports that a subsidiary recently acquired approximately 6,300 acres of surface, timber and mineral interests located in central West Virginia through the acquisition of 100% of the outstanding stock of the property's owner. The $7 million investment was funded through available cash and bank financing. "This new acreage is located in the core of the Company's land holdings, making Pardee ideally suited to both evaluate the assets prior to acquisition and to manage them into the future," said Carleton P. Erdman, President and Chief Executive Officer. Pardee Resources Company: Agricultural Property Investment
PR Newswire - Tue Jun 02, 2:08PM CDT
Pardee Resources Company (OTC: PDER) (the "Company"
reports that its subsidiary, Pardee Agricultural Properties LLC, recently closed on the purchase of a 40-acre farmland tract located in Kern County, at the southern end of California's Central Valley. The tract will be developed and managed for specialty table grapes by a local, multi-generational agricultural operating company. The Company has committed $1.6 million for the acquisition and the development of this property. "We are excited to close on our first agricultural property investment and look forward to growing this platform to further diversify our land business," said Carleton P. Erdman, President and Chief Executive Officer. 
