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 SmellsFishyon Jun 28, 2017 9:40pm

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Post# 26417121

RE:News with some crappy s-h-i-t

My read on this, someone correct me if I'm wrong. By increasing the stated capital per common share to 1$, this puts 1$ per share in an account that can never be distributed back to share holders. It is used to make guarantees to creditors. Doesn't seem to be very beneficial to me as a common share holder. Once again they need to add another clause that smells fishy. Personally I'll take the 38 cents and run for the hills. My cost is +- 17 cents but this whole thing stinks for PEA shareholders.

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