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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 custom processor of natural gas, natural gas liquids, condensate, and sulphur from the Canadian Foothills and adjacent areas in Alberta and in northeast British Columbia (BC). It owns and operates three sour gas processing complexes at Waterton, Caroline and Jumping Pound. Its footprint covers over a million gross acres (807,000 net acres) in the Foothills and makes up 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 the southern foothills, central foothills and northern foothills. Its southern foothills have three main fields: Waterton, Carbondale, and Burmis. The Company also has a production facility in the Northern Foothills of Alberta and in Northern BC.


TSX:PEA - Post by User

Bullboard Posts
Post by ragingcanadianon May 07, 2008 1:25pm
167 Views
Post# 15047684

JNX, GMR, QEC

JNX, GMR, QECSeems like the who's who of Quebec O&G is involved

Under this agreement, Junex has waived its back-in right as well asits right of first refusal in the exploration licenses comprising theGastonguay and Gaspe properties (6,334 km2) held by Petrolia. For itspart, Petrolia has waived its right of first refusal in the explorationlicenses held by Junex in the Baie-des-Chaleurs and in the TaconicFront in the Gaspe region.

In counterpart, Petrolia and Junexbecame 50%-50% co-venturers in a block of licenses covering a corridorof about 291 km2 located between the Galt property and thePetrolia-Haldimand discovery well. Junex will be the operator in thisarea. Petrolia has granted to Junex a 0.5% to 2.5% royalty on theeventual production of hydrocarbons from the Gastonguay and Gaspeproperties. Junex still owns 9.4% of the issued and outstanding commonshares of Petrolia.



Man...  Does our little PEA have allot of Land

Looks like Institutional is starting to buy into QEC. Lets see how long it will take for them to notice PEA

Bullboard Posts