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.

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Pieridae Energy Ltd

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Comment by SmellsFishyon May 26, 2017 10:44am

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Post# 26288013

RE:RE:RE:RE:Assemblée générale annuelle et extraordinaire 5 JUILLET 2017

Hi ardbegoil,
The deal is clear and the math is simple.

They say that the deal values Petrolia common shares at 38 cents. 1 for 12 of the new company doesn't change the valuation of Petrolia.
Then they clearly state that we will also receive 1 preferred share for every 12 common shares. The sole purpose of the preferred shares is to distribute 50% of the Anticosti money from the government. It makes no difference if they gave us 1 preferred for every common or 1 for every 12 common shares. Your and my piece of the pie stays the same.

The Short term minimum value of the deal is 38 cents a share if Quebec government gives zero dollars to Petrolia for Anticosti.

We will get an extra penny for every common share that you presently own for every $2 1800 000 petrolia receives from Quebec for Anticosti. If the deal closes.

Long-term will depend on what the new Amalco does.

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