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 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

Pieridae Energy Ltd

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Comment by theKid5on Feb 28, 2011 10:14am

285 Views

Post# 18204354

RE: RE: RE: RE: Old Harry

I find the statement that PEA plans to drill Old Harry in November a little hard to believe.

Since the NFLD and Quebec border is disputed and the moratorium on drilling doesn't end until 2012 I have to call B.S. on any statement suggesting that PEA will be pumping oil from there in 2012.

That doesn't mean PEA is not well positioned down the road. I think once the moratorium is lifted and Quebec ease off on Upper and Lower Churchill projects NFLD will agree to boundary and drilling will start. Once this happens PEA and Corridor will be the companies to own but that will be 3-4 years down the road.

I will be more excited to hear about Gaspe or magdalen Islands, for now.

Kid,

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