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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Post by commonsense9on May 04, 2019 5:33am

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Post# 29710128

Redwater Decision and PEA (Orphan Wells)

So borrowing to do gas expolration and operations just got harder and more expensive.

On the other hand, all those dry gas assets just got cheaper to buy... if you can afford to own them (even when they are essentially free, of any cash costs).

But obviously PEA has to be able to move fast. Trident must be quite a bit bigger than Ikkuma was. But they just went from still operating to completely throwing in the towel.

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