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.

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Pieridae Energy Ltd > PEA Debt

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Comment by noname99on Apr 11, 2023 11:10am

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Post# 35388458

RE:PEA Debt

I asked to them:
with the revised 2023 guidance, NOI 120-150M$, how much debts would you be able to repaid?

Through the first quarter, we have repaid approximately $27MM of term debt year to date. With NOI forecasted in the 120-150 range we should be able to reduce senior debt by a total of 40-45MM for fiscal 2023. Obviously depends on requirement for sustaining capital expenditures for the rest of the year and working capital requirements, but it should be in that zone.

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