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 commonsense9on Aug 31, 2018 12:26am

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Post# 28547050

RE:RE:Is IKM deal contingent on LNG construction permit?

@R1sk: 2 info points and a question.

1.) PEA cannot get the construction permit by end of Sept that Alfred is now saying (was end of August 2 weeks ago). Certain of that.
2.) When after that, hard to say when UARB will put out or 'indicate' a timeline. (Chances of October look slim right now). Will post when I know more- official or otherwise.

Question: Say it is 3 months before there is a construction permit (it could be worse than that)- can IKM survive that long? (Taking into account that with an agreement creditors have incentive incentive to wait longer / be held off longer- although there will be questions of how PEA intends to pay pressing obligations, and the credibility of what they say.)

[It is from UARB hearing that I know details about PNGTS capacity and potential. I need to monitor a lot of UARB matters "in motion"- but there was no reason for the Pieridae application to be on my radar. So all I know about it is what is on public file, plus knowing how the Board works.An applicant can make the process move quickly (within limits)- I know for sure that PEA has not done that to date.]

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