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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 Jun 13, 2008 11:17am
275 Views
Post# 15182241

OT SPAM: UNE

OT SPAM: UNETheres another shale play in the States called the Marcellus Shale Play in Pennsylvania, West Virginia, and Ohio. It may contain 500 Trillion cu. ft of gas.

https://geology.com/articles/marcellus-shale.shtml


Actually the Marcellus shale may be a better play than the Utica

https://www.searchanddiscovery.net/documents/2007/07101nyahay/index.htm


The United States Geological Survey had estimated that the Marcellus contained only 1.9 trillioncubic feet (54 km³) of technically recoverable natural gas in a 2002 publication.[96] In 2008, Terry Engelder, a Pennsylvania State Universitygeosciences professor called his estimate of 168 trillion cubic feet (4,800 km³) conservative.[96]State University of New York at Fredoniageology professor Gary Lash has calculated that more than 500 trillion cubic feet (14,000 km³) of natural gas may be contained in the Marcellus black shale beds that lie between New York state and West Virginia.[97]At the present level of technology, he believes approximately 10% ofthis, or 50 trillion cubic feet (1.4 trillion m³), could be recovered.[97] This is enough to satisfy approximately two years' of total U.S. consumption,[96] or a total value of approximately one trillionUnited States dollars.[15]

https://en.wikipedia.org/wiki/Marcellus_Formation


Unbridled Energy UNE is one Canadian Company that is already there and drilling

https://www.stockhouse.com/News/CanadianReleasesDetail.aspx?n=6936275


And Sprott seems to think they are onto something. They just bought in over 19% of the company

A pivotal placee in the offering was Sprott Asset Management who nowholds through shares and warrants, 19.3% of Unbridled's outstandingshares

https://www.unbridledenergy.com/news/article.aspx?id=72

Check out their site

https://www.unbridledenergy.com/


Do your DD

Good Luck.
Bullboard Posts

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