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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Post by livermore2on Nov 25, 2017 12:01pm

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Post# 27030806

Quickly looking at the numbers

I'm working out roughly 12.5 M barrels per square KM for the latest PEA assessment. Then if you go west in the GASPE to PCQ/SQX discovery that is roughly 10M barrels per square KM as well as over 10BCF of Wet Gas per square KM . There is quite a bit of land in between these discoveries and this does not even take into consideration JNX. The GASPE is huge and will be the next largest resource discovery IMO. Acerage could very well go for excess of $10K per acre in the very new future!!!

GLTA

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