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 Apr 28, 2019 6:53am

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Post# 29680252

RE:RE:Ikkuma Assets

Makes sense to me, about needing the soft FID. But usually what is meaningful and required for waiting investors is significant skin in the game by the owners. The circle that Alfred has cannot come up with that kind of equity commitment.

Which means what? That they are waiting for that early important bigger fish? And waiting in the sense of almost there? Or waiting in the sense that one better come soon?

roscoe74 wrote: Speculation on my part but I get the sense that PEA can't access the loan guarantees until after the FID meaning that they can't drill until then. Also, the debt/equity allocation and final approval of lenders hinges on the FID as well.

Perhaps the 'soft' FID is some sort of benchmark in these negotiations.

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