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 commonsense9on Oct 29, 2018 11:46am

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Post# 28887600

RE:Upstream Uses of UFK

I think it is difficult to predict where the upstream UfK will be appled next. Remeber that the PEA has nowhere near pipe capacity to supply even Train 1. (That it can be done with compressiona diitions only, without new construction, is the biggest BS line they get away with.) It makes sense they will tacictly admit that now, and begin working on it.

Money that PEA can invest (guarented by the Germans) in pipeline expansions COULD help grease the fact you cannot have transportation agreements for pipe capacity that does not exist.

PEA does not want it talked about, but this is a bigger and more immediate poblem than how much gas supply they have tied up.

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