Pardee Resources Company (OTC: PDER) (the “Company”) reports that a subsidiary has recently closed a transaction for the acquisition of 9,741 acres of softwood timberlands  located in Culpeper, Fauquier, Fluvanna, Greene, Orange, Spotsylvania and Westmoreland Counties, Virginia. The Company invested $17 million for the acquisition of these properties, which amount was funded through available cash […]

Pardee Resources Company (OTC: PDER) (the “Company”) reports that its subsidiary, Pardee Solar 1 LLC, recently closed on an investment in two renewable energy partnerships. One partnership owns two solar photovoltaic systems in Rhode Island while the other partnership owns six solar thermal systems in Washington, D.C.  The solar thermal systems are installed on roof […]

Offers to Purchase up to 22,600 Shares of its Common Stock at $265.50 per Share May 2, 2014 Pardee Resources Company (OTC: PDER) (the “Company”) announced today the commencement of an offer to purchase up to 22,600 shares of its outstanding common stock at a purchase price of $265.50 per share (the “Offer”). The Offer […]

Pardee Resources Company (OTC: PDER) (the “Company”) is pleased to announce that its subsidiary, Encap Solar AZ 2 LLC, recently closed on a $10.8 million acquisition of a 2.8 MW portfolio, comprising 10 solar photovoltaic systems in Arizona.  In addition to providing significant tax benefits, this investment was accretive to earnings upon closing. This acquisition […]

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.