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Peyto Exploration & Development Corp T.PEY

Alternate Symbol(s):  PEYUF

Peyto Exploration & Development Corp. is a Canada-based oil and natural gas company. The Company conducts exploration, development and production activities in Canada. It is a Canadian energy company involved in the development and production of natural gas, oil and natural gas liquids in Alberta’s deep basin. The Company’s total Proved plus Probable reserves are 5.6 trillion cubic feet equivalent (929 million barrels of oil equivalent) as evaluated by its independent petroleum engineers. Its production’s weight is approximately 89 per cent to natural gas and 11 per cent to natural gas liquids.


TSX:PEY - Post by User

Comment by Oldnaggeron Nov 28, 2022 3:42pm
157 Views
Post# 35134798

RE:RE:RE:Be there or be square

RE:RE:RE:Be there or be squareFor those who would want to replace the massive quantities of Coal being burnt around the globe and particularly in Asia, there are many alternative solutions. There is no one size fits all solution. There are significant issues revolving around transportation , land availability due to population density , cost, reliability and so forth. 
Ammonia is one possible solution, that may have certain drawbacks and yet coud be very efficiently used for transportation storage and reliability in power generation plants. It could also be of particular interest to Western Canada where our government has seen fit to do their utmost to dissuade LNG .
Hydrogen in its molecular form is not amenable to transportation or storage in large volumes.
I am certainly not an expert on Ammonia as a fuel nor on the develoment work around it. I do however know one very busy person who is. 
I will try to keep you posted as and if I learn more. The possibilities seem too important to be dismissed off hand !!
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