Pieridae Energy Ltd T.PEA

Alternate Symbol(s): PTOAF

Energy Oil & Gas Integrated

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

Pieridae Energy Ltd > New hedging program update

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Comment by Dazzle01on Jan 21, 2023 1:33pm

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Post# 35237506

RE:New hedging program update

The hedging program should serve PEA well given the softness in the spot market hedged at $6 I would expect PEA to be able to soon get the debt below $200 million or more. PEA with reduced debt should be able to get the assets transfer from Shell to PEA. Once they have the title issues resolved alternative financing options will be avaiiable.
The first Brown creek well should have spud in November and should be at or near TD with rusults soon.

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