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Pieridae Energy Ltd T.PEA

Alternate Symbol(s):  PTOAF

Pieridae Energy Limited is a Canadian energy company. The Company is an upstream producer and midstream operator with core assets concentrated in the foothills of the Rocky Mountains. Its business is focused on developing and producing conventional raw natural gas and processing it into sales products that include natural gas liquids and sulfur. The Company processes these commodities by using its ownership in gas processing facilities in southern and central Alberta. It owns and operates three sour gas processing complexes at Waterton, Caroline and Jumping Pound. Its upstream assets include conventional gas reservoirs in North America. Across Alberta and British Columbia, its footprint stretches over one million gross acres of land, with ownership of three deep cut gas plants and more than 3,800 kilometers of pipelines. Its foothills include southern foothills, central foothills and northern foothills. Its southern foothills have three main fields: Waterton, Carbondale and Burmis.


TSX:PEA - Post by User

Bullboard Posts
Post by RottenRonnie7on Jul 22, 2018 12:24pm
115 Views
Post# 28350138

financing status

financing statushas the company elaborated on the financing for the project, i don't see anything on their website that goes beyond 'trying to arrange $10B in financing'?  $10B is fair chunk of change for a small outfit like Pieridae!  some of the news that is posted on the website doesn't make sense either, 'soft decision'....'hard decision', huh?  where is the $$$$?  they haven't updated anything from this past spring, construction to start in 2019 now?  if they haven't got financing in the can then engineering hasn't even started yet.  i thought i saw where they have C.B.& I. contracted to do the engineering but there is nothing on their website about this project.  i did read a link from another poster here where the project director was talking about the project and all the work for NS involved, training etc but......i'm not seeing the kind of news on this project that makes me think this is going ahead anytime soon.

RR
Bullboard Posts