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, […]

Pardee Resources Company (OTC: PDER) (the “Company”) reports that its subsidiary, Pardee Solar 1 LLC, recently closed on investments in two renewable energy partnerships. One partnership owns 125 mobile solar generator units which are committed to a major telecommunications company under a long-term lease.  The Company’s investment in this partnership is $7.7 million and it […]

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 […]

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 […]

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 […]