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 Wellandon Jun 08, 2011 12:08am

296 Views

Post# 18684781

RE: whats with market today???

Maybe the explanatiom can be linked to their recent issuing of stock options to management :

"Pursuant to its compensation policy and incentive plan, Pétrolia's board of directors can award stock options at its quarterly meetings. On May 19, 2011, 500,000 stock options were awarded to a member of the management team. The price was set at $1.69 per share, and the options are due to expire on May 18, 2016. This program provides that the stock option exercise be staggered over a period of three years between May 19, 2011 and May 18, 2016."

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